terminating building and loan association
noun
variants
or terminating society
: a savings and loan association whose members have provided by their articles of association that upon their shares all attaining the value specified in the articles that value shall be paid to the shareholders and the society dissolved
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“Terminating building and loan association.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/terminating%20building%20and%20loan%20association. Accessed 22 Nov. 2024.
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