savings and loan
33
3.9
- noun
- /ˈseɪvɪŋz ənd loʊn/
- Specialized
:
asociación de ahorro y préstamo (EE. UU.)
- My brother just took out a mortgage from his local savings and loan to buy a house.
- savings and loan institution
- savings and loan crisis
- failed savings and loan
I used to work for one of the NGOs that pioneered the savings and loans concept in all of Africa.
- I used to work for one of the NGOs that pioneered the savings and loans concept in all of Africa.
- As a result, AUS based Savings and Loan Bank can be left with fixed rate assets and floating rate liabilities.
- I mean, a whole banking system collapse and the savings and loans collapsed just got taken out.
- He ran a savings and loan and then was in a after he left that he was a assistant vice president to one of the bigger banks that were local.
Examples
-
A failed savings and loan had the lease on the site.
Fiction book (2000) -
The government seized the savings and loan, and I can't do anything with the property.
Fiction book (2000) -
I work at a savings and loan.
-
It's a savings and loan.
-
Then came the savings and loan crisis.
Academic text (2002) -
By the end of the decade, hundreds of savings-and-loan companies had failed.
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Banking institutions eventually absorbed the savings and loan system.
Academic text (2009) -
Thousands withdrew their money from commercial banks and deposited it in credit unions and savings and loans.
Blog text (26) -
I used to work for one of the NGOs that pioneered the savings and loans concept in all of Africa.
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Banking regulators have handled thousands of cases since the savings-and-loan and banking crises of the 1980s.
Academic text (1999)
Synonyms
1
3.6
A bank that takes savings and lends money to help people buy houses
Surface Forms
Morphology
The phrase is a straightforward composition of 'savings' and 'loan' linked by 'and' to denote an institution that handles both functions; a B1 learner who knows the constituent words will readily infer it refers to a financial organization that accepts savings and makes loans. The construction is transparent and follows common noun-combination patterns (though the specific institutional form is regional/technical), so no special idiomatic knowledge is required.
Etymology
The name savings and loan comes from the idea of a local group that kept people's savings and gave loans to help them buy houses. So a savings and loan today is a company that holds 'savings' and makes 'home loans' for people.