terminating building and loan association

noun

variants: or terminating society

Definition of terminating building and loan association

: a savings and loan association whose members have provided by their articles of association that upon their shares all attaining the value specified in the articles that value shall be paid to the shareholders and the society dissolved

There's more!

Love words? You must — there are over 200,000 words in our free online dictionary, but you are looking for one that’s only in the Merriam-Webster Unabridged Dictionary.

Start your free trial today and get unlimited access to America's largest dictionary, with:

More than 250,000 words that aren't in our free dictionary
Expanded definitions, etymologies, and usage notes
Advanced search features
Ad free!

Seen and Heard

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