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terminating building and loan association

noun
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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

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Learn More About terminating building and loan association

Dictionary Entries Near terminating building and loan association

terminate

terminating building and loan association

terminating decimal

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Cite this Entry

“Terminating building and loan association.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/terminating%20building%20and%20loan%20association. Accessed 26 May. 2022.

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