Building and Loan Association
Also found in: Dictionary, Thesaurus, Financial, Encyclopedia.
Related to Building and Loan Association: Savings and loan associations
Building and Loan Association
An organization that exists to accumulate a fund, composed of subscriptions and savings of its members, to help facilitate the purchase or construction of real estate by such members by lending them the necessary funds.
Cross-references
West's Encyclopedia of American Law, edition 2. Copyright 2008 The Gale Group, Inc. All rights reserved.