Savings and loan (S&L) association

Savings and loan (S&L) association,

Definition of Savings and loan (S&L) association:

  1. (in the US) an institution which accepts savings at interest and lends money to savers for house or other purchases.

  2. US depository institution, typically chartered and organized like a bank, that offers home mortgage loans and basic banking services such as checking (current) accounts and credit cards. Also called savings and loan bank.

Synonyms of Savings and loan (S&L) association

Financial institution

How to use Savings and loan (S&L) association in a sentence?

  1. Savings and loan associations.

Meaning of Savings and loan (S&L) association & Savings and loan (S&L) association Definition