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savings and loan association

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savings and loan association

One entry found.

Main Entry: savings and loan association

Function: noun

Date: 1884

: a cooperative association organized to hold savings of members in the form of dividend-bearing shares and to invest chiefly in home mortgage loans —called also savings and loan

Learn more about "savings and loan association"

Learn more about "savings and loan association" and related topics at Britannica.com

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