loan association


loan association
See building and loan association; savings and loan association.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • Savings and loan association — A savings and loan association, also known as a thrift, is a financial institution that specializes in accepting savings deposits and making mortgage loans. The term is mainly used in the United States; similar institutions in the United Kingdom …   Wikipedia

  • savings and loan association — noun a thrift institution that is required by law to make a certain percentage of its loans as home mortgages • Syn: ↑savings and loan • Hypernyms: ↑thrift institution • Hyponyms: ↑building society * * * noun : a cooperative association …   Useful english dictionary

  • Israel Free Loan Association — The Israel Free Loan Association (IFLA) is a non profit organization that offers interest free loans to Israeli citizens living in Israel. It is supported primarily by private donations and grants. The IFLA s basic principle is that loans must be …   Wikipedia

  • savings and loan association — a cooperative savings institution, chartered and regulated by a state or the federal government, that receives deposits in exchange for shares of ownership and invests its funds chiefly in loans secured by first mortgages on homes. Also called… …   Universalium

  • savings and loan association — sav·ings and loan association n: a cooperative association organized to hold savings of members in the form of dividend bearing shares and to invest chiefly in home mortgage loans Merriam Webster’s Dictionary of Law. Merriam Webster. 1996.… …   Law dictionary

  • People's Federal Savings and Loan Association — Infobox nrhp | name =People s Federal Savings and Loan Association nrhp type = nhl caption = Unusual architecture of the 1918 People s Federal Savings and Loan location= Sidney, Ohio lat degrees = 40 lat minutes = 17 lat seconds = 2 lat direction …   Wikipedia

  • Savings and Loan association — National or state chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages. The New York Times Financial Glossary * * * Savings and Loan Association ˌSavings and ˈLoan Associˌation also… …   Financial and business terms

  • savings and loan association — National or state chartered institution that accepts savings deposits and invests the bulk of the funds thus received in mortgages. Bloomberg Financial Dictionary * * * Savings and Loan Association ˌSavings and ˈLoan Associˌation also ˌsavings… …   Financial and business terms

  • building and loan association — ˌbuilding and ˈloan associˌation noun [uncountable] FINANCE BANKING another word for a Savings and Loan Association * * * building and loan association UK US noun [C] (US FINANCE ► …   Financial and business terms

  • building and loan association — Another name for a savings and loan association. As the name implies, these institutions were originally meant to provide loans for building a house after the depositor had saved enough for a down payment. Category: Business, LLCs & Corporations… …   Law dictionary


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