building society
Member-owned lender
A building society is a British financial institution owned by its members, traditionally focused on savings accounts and mortgage lending.
Similar to American credit unions and savings-and-loan associations, building societies originated to help members pool funds for home purchases.
Many have converted to conventional banks, but some retain their mutual structure: I got my mortgage through a building society.
Secured home loan
- loanBorrowed money repaid later
- interestAttention, stake, or fee
- repaymentGiving back what's owed
- lenderOne who loans money
borrower · deposit · conveyancing · valuation · mortgagee · mortgagor · underwriting · fixed-rate
Record of dealings
- interestAttention, stake, or fee
- depositPlace for safekeeping
- withdrawalAct of taking away
- balanceSteadiness or amount owed
saver · passbook · easy access · annual bonus · instant access · term deposit · savings rate · compound interest
Nova Scotia's largest city
- YorkshireHistoric English county
- CoventryWest Midlands manufacturing city
- LeedsWest Yorkshire's largest city
- NottinghamMajor Midlands municipality
Newcastle · high street · branch network · financial services · authorised · regulated
One who belongs
- shareholderEquity owner in corporation
- mutualShared between parties
- cooperativeJointly operated enterprise
- voting rightsEntitlement to elect officials
AGM · board · branch · local · dividend · loyalty · member benefits · conversion
mortgage
Secured home loan
lender · borrower · deposit · conveyancing · valuation · mortgagee · mortgagor · underwriting · fixed-rate · remortgage
account
Record of dealings
- interestAttention, stake, or fee
- depositPlace for safekeeping
- withdrawalAct of taking away
balance · saver · passbook · easy access · annual bonus · instant access · term deposit · savings rate · compound interest · tax-free
Halifax
Nova Scotia's largest city
- YorkshireHistoric English county
- CoventryWest Midlands manufacturing city
- LeedsWest Yorkshire's largest city
Nottingham · Newcastle · high street · branch network · financial services · authorised · regulated
member
One who belongs
- shareholderEquity owner in corporation
- mutualShared between parties
- cooperativeJointly operated enterprise
voting rights · AGM · board · branch · local · dividend · loyalty · member benefits · conversion · carpetbagger
- mortgagesfixed-rate mortgage, mortgage broker, adjustable-rate mortgage, mortgage payment, mortgage insurance
- financial institutionsbanks, central bank, commercial banks, investment bank, investment banks
- cooperative financeco-op, cooperative, credit union, credit unions, cooperative bank
- bankingbank, banks, ATM, ATMs, account
- business entitiescorporation, LLC, sole proprietorship, partnership, company
- cooperativesco-op, credit union, worker co-op, housing co-op, co-ops
building societycommercial bank
Deposit and loan institution
investment bank · merchant bank · stock company · loan shark · hedge fund
building, society, build, builds, built, builder, builders, rebuild, rebuilding