Definition of savings and loan in English:

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savings and loan

Pronunciation: /ˌsāviNGz ən ˈlōn/
(also savings and loan association)

noun

An institution that accepts savings at interest and lends money to savers chiefly for home mortgage loans and may offer checking accounts and other services.
Example sentences
  • Specifically, she studies the ideas that formed the basis for regulating commercial banks, savings and loans and credit unions.
  • These are commercial banks or savings and loans that are classified by the Federal Reserve as black institutions and have been fully operational for the previous calendar year.
  • We measured institutional ownership as the number of shares held by pension funds, banks and trust companies, savings and loans, mutual fund managers, and labor union funds divided by total common stock.

For editors and proofreaders

Syllabification: sav·ings and loan

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