Building Societies Law and Legal Definition
Building societies are financial institutions that offer a range of services such as banking and other financial services, including mortgage lending for house purchase. Building societies are generally owned by their members for the benefit of both saving and borrowing members. Building societies that emerged in the U.K. during the 19th century were later taken over by banks. Nowadays, a building society resembles a bank, savings and loans institutions, or a credit union.
Legal Definition list
Related Legal Terms
- Academy for International Conflict Management and Peacebuilding [USIP]
- Advanced Shipbuilding Technology
- American Federation of Information Processing Societies
- Baseline Building
- Book Building
- Building
- Building and Loan Association
- Building and Personal Property Coverage Form
- Building Code
- Building Energy System
