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HASSET Thesaurus

Concept information

ECONOMICS > FINANCE > FINANCIAL INSTITUTIONS > BUILDING SOCIETIES

Preferred term

BUILDING SOCIETIES  

Definition

  • FINANCIAL INSTITUTIONS WHICH OFFER SAVINGS ACCOUNTS AND LOANS, MAINLY TO FINANCE HOUSE PURCHASE, OR OTHER LARGE PURCHASES. MANY BUILDING SOCIETIES ARE NOW EXPANDING INTO BANKING AND OTHER FINANCIAL SERVICES.

Broader concept

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History note

  • TERM CREATED OCTOBER 1993. PREVIOUSLY THE TERM 'FINANCIAL INSTITUTIONS' WOULD HAVE BEEN USED.

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URI

https://hasset.ukdataservice.ac.uk/3bf97cff-20b4-435f-8e2c-6e42921b7041

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