Home
E-Mail

Building Society Financial Glossary

What is it? A financial institution owned by its members (rather than by shareholders) which pays interest on deposits and lends money on the security of property to enable members to buy their own homes.

Finance Term Definition Added By: Taylor

The Building Society definition has been viewed 6581 Time(s)!




Send To Friends!

If you'd like to send the Building Society definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -


We hope you now understand the meaning of Building Society. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Cost of Capital is Definition Expected rate of return used to evaluate your business opportunity. The Cost of Capital represents what investors expect to earn on their investment taking into consideration the risk and volatility of your company/industry. Volatility doesnt mean your business is good or bad. Great businesses can be highly volatile; but volatility does create uncertainty. The greater the uncertainty, the higher the Cost of Capital needed to adequately compensate investors. Also known as K, WACC, discount rate, hurdle rate.

Financial Term Graduated payment mortgage (GPM) is A mortgage requiring lower payments in early years than in later years. Payments increase in steps until the installments are sufficient to amortize the loan. Allows for negative amortization in the early years.

Financial Term Consol is A perpetual bond issued by the British government. Sometimes used as a general term for perpetuity.

Financial Term Professional Corporation (PC) See PA. is See PA.

Financial Term Financial Aid Notification is The letter from the postsecondary institution that lets the student know whether or not aid has been awarded. If the student will be receiving assistance, the notification also describes the financial aid package. State agencies and private organizations may send students financial aid notifications separately from the postsecondary institution. Also see Award Letter.