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Building Society

Definition of 'Building Society'

A UK financial institution, the primary role of which is the provision of mortgages. Building societies are non-profit organisations. Funding is mostly through small deposits by individuals.

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Related Terms

Demutualisation Building and Loan Association Bancassurance Venture Capital Book-Building Buyback Macroeconomics Public Works Savings and Loan (S&L)Allocational of Capital Corporate Governance Frictional Unemployment Friendly Society Merit Bads Merit Goods Primary Investors Public Goods

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