building society

noun, British
Origin
1840-50
Examples from the web for building society
  • The index is a nationwide building society house price index.
  • The site provides educational material used for teaching voyaging crews and for teams building society canoes.
British Dictionary definitions for building society

building society

noun
1.
a cooperative organization that accepts deposits of money from savers and uses them to make loans, secured by mortgages, to house buyers. Since 1986 they have been empowered to offer banking services