Building and Loan Association

Definition of "Building and Loan Association"
  1. A type of financial institution originally intended to offer loans to depositors wanting to build a house once they have saved sufficient down payment
How to use "Building and Loan Association" in a sentence
  1. Despite its humble origins, the Building and Loan Association stands as a cornerstone of modern home ownership.
  2. He was able to build his dream house thanks to a loan from the Building and Loan Association.
  3. The Building and Loan Association encourages residents to save, to later afford their home construction projects.

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