savings and loan

English

Etymology

Short for savings and loan association.

Noun

savings and loan (plural savings and loans)

1. (US, finance) Synonym of building society.
   • 2015, P. J. O'Rourke, Thrown Under the Omnibus: A Reader:

     Sure, if we own an aerospace contracting company, a five-thousand-acre sugar-beet farm, or a savings and loan with the president's son on the board of directors, we can soak Uncle Sucker for millions.

Initialisms

• S&L