Invertext Online Technical Dictionary

building society


sociedad de crédito hipotecario

Definition 1

Companies set up for the sole purpose of granting home loans, funded by the returns on fixed-interest investments.

Source: Invertext from various sources

Context: Executives of both building societies and smaller banks are warning that the Treasury will cramp their growth by including them in its new “bank surcharge”.

Source: Financial Times 19/08/2015 (Jim Pickard and Emma Dunkley)

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