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Savings and loan

noun

Definitions

Noun
  1. 1
    Synonym of building society. US

    "Sure, if we own an aerospace contracting company, a five-thousand-acre sugar-beet farm, or a savings and loan with the president's son on the board of directors, we can soak Uncle Sucker for millions."

  2. 2
    a thrift institution that is required by law to make a certain percentage of its loans as home mortgages wordnet

Etymology

Short for savings and loan association.

See also for "savings and loan"

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