savings and loan association

Definitie en betekenis van "savings and loan association"in het Engels

savings and loan association
01

an organization that lends money to people for buying a house or pays interest on the money that they save there

Dialectamerican flagAmerican
example
Voorbeelden
The savings and loan association offered competitive interest rates on mortgages for first-time homebuyers.
During the 1980s, many savings and loan associations faced financial difficulties due to risky lending practices and deregulation.
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