Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
building-and-loan association
A quasi-public corporation that accumulates funds through member contributions and lends money to the members buying or building homes. Cf. SAVINGS-AND-LOAN ASSOCIATION.
loan association
See SAVINGS-AND-LOAN ASSOC ATION.
savings-and-loan association
A financial institution - often organized and chartered like a bank - that primarily makes home-mortgage loans but also usu. maintains checking accounts and provides other banking services. -Often shortened to S & L. - Also termed loan association; thrift institution; thrift. Cf. BUILDING-AND-LOAN ASSOCIATION.