building society

listen to the pronunciation of building society
English - Turkish
(Ticaret) inşaat şirketi
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Related Terms

construction company
inşaat firması
English - English
A type of financial institution which traditionally was based on lending money (as mortgages) to society members to buy houses, from other members pooled savings and/or money borrowed wholesale
construction company
Another place to go for Mortgages & Loans
Building societies are mutual organisations owned by their members and regulated by the Buildings Societies Act The Building Societies Commission lays down restrictions on their lending criteria, so they are less able to help with certain categories of loans
Building Societies are mutual organisations regulated by the Building Societies Act This means that their members (those with an account or a mortgage which confers membership rights) actually own the organisation Building Societies are only allowed to raise limited external funds and are generally stricter to whom they lend than Banks and other organisations There has been much interest in mutual building societies because of the so-called 'windfall benefits' However, the window of opportunity to gain has largely been closed now
British equivalent of United States savings and loan association
an organization that receives deposits and lends money as mortgages to homebuyers
A mutual organisation, owned by the people saving with and borrowing from it Increasing numbers have converted to banks in recent years, paying windfall profits to the owners See demutualisation
institutions operating in a similar fashion to banks - ie they take deposits and provide loans Customers are 'members'
A mutual institution owned by its investors and borrowers that provides a range of savings and mortgage-lending schemes
In Britain, a building society is a business which will lend you money when you want to buy a house. You can also invest money in a building society, where it will earn interest. Compare savings and loan association. A savings and loan association. a type of bank that you pay money into in order to save it and earn interest and that will lend you money to buy a house or apartment American Equivalent: savings and loan association
A financial institution owned by its members (rather than by shareholders) which pays interest on deposits and lends money on the security of property to enable members to buy their own homes The distinction between building societies and banks (which have historically offered a much wider range of financial services but often at a higher cost) is now much reduced and the main difference is often the question of ownership
Building societies are mutually owned organisations, which exist not for profit but for the benefit of the members The idea of this is that the society is able to offer cheaper products to its members, though this is not always the case
A place to hold savings and investments, offering similar facilities to banks
Building Societies are mutual organisations regulated by the Building Societies Act This means that their members actually own the organisation Building Societies are only allowed to raise limited external funds and are generally have stricter criteria as to whom they lend compared with Banks and other organisations There has been much interest in mutual building societies because of the so-called ‘windfall benefits ’ However, the window of opportunity to gain has largely been closed now
A building society is a mutual organisation owned by its members - its savers and borrowers It's traditional purpose was to lend money to individuals to purchase or remortgage their homes This money used to come exclusively from individual saving members who are paid interest These days an increasing proportion, but still a minority of the funds are raised on the commercial money markets
building society

    Hyphenation

    build·ing so·ci·e·ty

    Turkish pronunciation

    bîldîng sısayıti

    Pronunciation

    /ˈbəldəɴɢ səˈsīətē/ /ˈbɪldɪŋ səˈsaɪətiː/
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