SAVINGS AND LOAN ASSOCIATION

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

A thrift institution that is required by law to make a certain percentage of its loans as home mortgages

Synonyms:

savings and loan; savings and loan association

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("savings and loan association" is a kind of...):

thrift institution (a depository financial institution intended to encourage personal savings and home buying)

Hyponyms (each of the following is a kind of "savings and loan association"):

building society (British equivalent of United States savings and loan association)

Credits