SAVINGS AND LOAN ASSOCIATION


Meaning of SAVINGS AND LOAN ASSOCIATION in English

Function: 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 ― called also savings and loan

Merriam Webster Collegiate English Dictionary.      Merriam Webster - Энциклопедический словарь английского языка.