Building society

From ACT Wiki
Revision as of 07:56, 11 May 2020 by Doug Williamson (Talk | contribs) (Classify page.)

(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to: navigation, search

A deposit taking and lending organisation owned mutually by its customers.

By contrast, most banks are owned by shareholders, who would not normally or necessarily be customers of the bank.

See also