ˈbuilding soˌciety

noun [C] British
a financial organization in which people invest money, and from which they can borrow money to buy a house or flat

Dictionary for writing and speaking English. 2014.

Look at other dictionaries:

  • building society — building so.ciety n BrE a type of bank that you pay money into in order to save it and earn interest and that will lend you money to buy a house or apartment American Equivalent: savings and loan association …   Dictionary of contemporary English

  • building society — building so,ciety noun count a financial institution in the U.K. similar to a SAVINGS AND LOAN ASSOCIATION a. an office of one of these organizations ─ compare CREDIT UNION …   Usage of the words and phrases in modern English

  • building society — A form of mutual organisation owned by its depositors and borrowers. Their original purpose was to take deposits and recycle these as mortgage loans for buying houses. However, modern large building societies have extended their role such that… …   Financial and business terms

  • interest — the cost of borrowing money. Glossary of Business Terms What is paid to a lender for the use of his money and includes compensation to the lender for three factors: 1) Time value of money (lender s rate) the value of today s dollar is more than… …   Financial and business terms

  • Interest — The price paid for borrowing money. It is expressed as a percentage rate over a period of time and reflects the rate of exchange of present consumption for future consumption. Also, a share or title in property. The New York Times Financial… …   Financial and business terms

  • society — so‧ci‧e‧ty [səˈsaɪti] noun societies PLURALFORM 1. [uncountable] people in general, considered in relation to the structure of laws, organizations etc that make it possible for them to live together: • Society may decide that it dislikes… …   Financial and business terms

  • Simpsons Already Did It — Infobox Television episode Title = Simpsons Already Did It Series = South Park Caption = The Sea People build a statue honoring their god. Season = 6 Episode = 86 Airdate = June 26, 2002 Production = 607 Writer = Trey Parker Glasgow Phillips Matt …   Wikipedia

  • Warburg, Aby — (1866 1929)    cultural historian; employed his family s banking fortune to amass a superb library of art history. Born the eldest of seven children to the Hamburg banker Moritz Warburg, he was raised in an orthodox Jewish home. Although he broke …   Historical dictionary of Weimar Republik

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