savings and loan association

noun

Definition of savings and loan association

: 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

Examples of savings and loan association in a Sentence

Recent Examples on the Web

According to The Washington Post, James McDougal engaged in fraudulent activity with a small savings and loan association, as well as a small business investment firm, which cost taxpayers $73 million. — Danielle Corcione, Teen Vogue, "President Bill Clinton's Impeachment and Ties to Monica Lewinsky, Explained," 19 Jan. 2018

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'savings and loan association.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

Keep scrolling for more

Learn More about savings and loan association

Dictionary Entries near savings and loan association

savings account

savings and loan association

savings bank life insurance

Statistics for savings and loan association

Look-up Popularity

Time Traveler for savings and loan association

The first known use of savings and loan association was in 1887

See more words from the same year

Keep scrolling for more

More Definitions for savings and loan association

savings and loan association

noun

English Language Learners Definition of savings and loan association

US : a business that is like a bank and that holds and invests the money saved by its members and makes loans to home buyers

See the full definition for savings and loan association in the English Language Learners Dictionary

savings and loan association

noun

sav·ings and loan association

Legal Definition of savings and loan association

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

Comments on savings and loan association

What made you want to look up savings and loan association? Please tell us where you read or heard it (including the quote, if possible).

WORD OF THE DAY

emote

to express emotion in a dramatic way

Test Your Vocabulary

What did you just call me?! A Quiz

If a member of the audience describes your speech as bombastic, does that person mean it is:

rousing and inspiring pompous and overblown

Can you spell these 10 commonly misspelled words?

TAKE THE QUIZ

Dictionary Devil

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Words at Play

Ask the Editors

Word Games