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   

Contingent liabilities FMCG Applet
SHA512 Down Tick Keiretsu
ADSL Bear Market Pre-Registration Expenses
FIO Work Permit Executive Agency
Negotiation PIN In omnibus
Going Forward IP Sweat equity
Realisable property Privacy statement FTP
MANGO Debt collection letters A.E.R
KBPS Deliverable Cipher
Domicile N170 Civil Court form Self-Billing
Domicile of origin Lead time ActiveX
Charge Synergy Vertical integration
Trade reference Share Premium Exempt Persons

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.