noun Date: 1884 a cooperative association organized to hold savings of members in the form of dividend-bearing shares and to invest chiefly in home mortgage loans
SAVINGS AND LOAN ASSOCIATION
Meaning of SAVINGS AND LOAN ASSOCIATION in English
Merriam Webster. Explanatory English dictionary Merriam Webster. Толковый словарь английского языка Мерриам-Уэбстер. 2012