Business Terms and Jargon Explained

What is Building Society

This a mutual organisation which is owned by its members. This comprises of both its savers and borrowers. This does not include shareholders, as this type of organisation does not have any. There have been many changes since they first started operating and now are allowed to raise funds through the money markets since the 1980's.

The main purpose of the building society is to lend money for mortgages or remortgages. It also offers other financial services.

<- Go Back
Business Terms Home page

Search Jargon and Terms Database

A   B   C   D   E   F   G   H   I   J   K   L   M   N   O   P   Q   R   S   T   U   V   W   X   Y   Z


Search Term   

WYSIWYG LTV Deep pockets
Double Entry Accounting LIBO Kopek
Direct Representative Tenge Ex post facto
Regulations - EU Faucet Equal opportunities policy
Dissolution Foreign position Change Control
Bandwidth Conglomerate Counterparty
Subscribers Joint Application IDD
Self-Billing Real Wage Flexibility Karat
N20 Civil Court form Cost Center Visegrad Countries
Denar Functionality Fixed Cost
Accounting method Declaration of incompatibility Yard
Quick wins Tax rebate In terrorem
Acquisition Bolivar Free Zone

Term created / updated 2005-10-07 17:29:25

Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.

Copyright © 2004-2021 Scopulus Limited. All rights reserved.