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Building society
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Meaning
Noun
●
In Australian English, British English, Irish English, New Zealand English & Banking:
A type of
financial institution
which
traditionally
was based on
lending
money (as
mortgages
) to
society
members to
buy
houses
, from other members
pooled
savings
and/or
money
borrowed
wholesale.
Sourced from
Wiktionary
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