| English Dictionary |
SAVINGS AND LOAN ASSOCIATION
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Dictionary entry overview: What does savings and loan association mean?
• SAVINGS AND LOAN ASSOCIATION (noun)
The noun SAVINGS AND LOAN ASSOCIATION has 1 sense:
1. a thrift institution that is required by law to make a certain percentage of its loans as home mortgages
Familiarity information: SAVINGS AND LOAN ASSOCIATION used as a noun is very rare.
Dictionary entry details
• SAVINGS AND LOAN ASSOCIATION (noun)
Sense 1
Meaning:
A thrift institution that is required by law to make a certain percentage of its loans as home mortgages
Classified under:
Nouns denoting groupings of people or objects
Synonyms:
savings and loan; savings and loan association
Hypernyms ("savings and loan association" is a kind of...):
thrift institution (a depository financial institution intended to encourage personal savings and home buying)
Hyponyms (each of the following is a kind of "savings and loan association"):
building society (British equivalent of United States savings and loan association)
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