building and loan association
11insolvent building and loan association — See insolvency of building and loan association …
12terminating building and loan association — noun or terminating society : a savings and loan association whose members have provided by their articles of association that upon their shares all attaining the value specified in the articles that value shall be paid to the shareholders and… …
13Building And Loan Associaiton — It is a depository financial institution that is federally or state chartered, that specializes in collecting savings deposits from customers and investing it in residential mortgage loan. Building and Loan Associations are usually mutually held …
14building and loan — n. another name for savings and loan association. As the name implies, originally these institutions were meant to provide loans for building a house after the depositor had saved enough for a down payment. See also: savings and loan Law… …
15savings and loan association — noun a thrift institution that is required by law to make a certain percentage of its loans as home mortgages • Syn: ↑savings and loan • Hypernyms: ↑thrift institution • Hyponyms: ↑building society * * * noun : a cooperative association …
16savings and loan association — a cooperative savings institution, chartered and regulated by a state or the federal government, that receives deposits in exchange for shares of ownership and invests its funds chiefly in loans secured by first mortgages on homes. Also called… …
17savings and loan association — One of a number of types of mutually owned, cooperative, savings associations, originally established for the primary purpose of making loans to members and others, usually for the purchase of real estate or homes; though in the 1980 s S & L s… …
18savings and loan association — An association chartered by the Federal Home Loan Bank Board to encourage thrift and promote the ownership of homes by accepting deposits to bear interest and making loans for home financing. 13 Am J2d B & L Assoc § 10. See building and loan… …
19insolvency of savings and loan association — See insolvency of building and loan association …
20Savings and loan association — A savings and loan association, also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage loans. The term is mainly used in the United States; similar institutions in the United Kingdom …
