building and loan association
Another name for a savings and loan association. As the name implies, these institutions were originally meant to provide loans for building a house after the depositor had saved enough for a down payment.
Category: Business, LLCs & Corporations
Category: Personal Finance & Retirement
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.


building and loan association
n. A quasi-public corporation to which its members contribute money that is loaned back to the members so they can buy or build homes.
See also bank.

Webster's New World Law Dictionary. . 2000.


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.

Dictionary from West's Encyclopedia of American Law. 2005.


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.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

  • building and loan association — ˌbuilding and ˈloan associˌation noun [uncountable] FINANCE BANKING another word for a Savings and Loan Association * * * building and loan association UK US noun [C] (US FINANCE ► …   Financial and business terms

  • building and loan association — noun : savings and loan association * * * building and loan association, = savings and loan association. (Cf. ↑savings and loan association) …   Useful english dictionary

  • building and loan association — An organization of people entitled to equal privileges, Cooperating by established periodic and equal payments per share in the creation of a common fund which may be loaned to any member for the purpose of building on property purchased… …   Ballentine's law dictionary

  • building and loan association. — See savings and loan association. * * * …   Universalium

  • building and loan association. — See savings and loan association …   Useful english dictionary

  • building and loan association — /ˌbɪldɪŋ ən ləυn əsəυsiˌeɪʃ(ə)n/ noun US same as savings and loan …   Dictionary of banking and finance

  • permanent building and loan association — A building and loan association which issues its stock, not all at once, nor in series, but at any time when application is made therefor. Cook v Equitable Bldg. & Loan Asso. 104 Ga 814, 821 …   Ballentine's law dictionary

  • serial building and loan association — A building and loan association whose stock is divided into series, each series being issued separately. Cook v Equitable Bldg. & Loan Asso. 104 Ga 814, 821, 30 SE 911 …   Ballentine's law dictionary

  • foreign building and loan association — A building and loan association operating outside the jurisdiction of its origin or domicil. 13 Am J2d B & L Assoc § 122 …   Ballentine's law dictionary

  • insolvent building and loan association — See insolvency of building and loan association …   Ballentine's law dictionary

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