savings and loan

English

Etymology

Short for savings and loan association.

Noun

savings and loan (plural savings and loans)

  1. (US, finance) Synonym of building society
    • 2015, P. J. O'Rourke, Thrown Under the Omnibus: A Reader:
      Sure, if we own an aerospace contracting company, a five-thousand-acre sugar-beet farm, or a savings and loan with the president's son on the board of directors, we can soak Uncle Sucker for millions.

Initialisms
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