Black's Law Dictionary (2nd edition)dictionaries

Building And Loan Association

An organization created for the pur-pose of accumulating a fund by the monthly subscriptions and savings of its members to assist them in bailding or purchasing for themselves dwellings or real estate by the loan to them of the requisite money from the funds of the association. McCauley v. Association, 97 Tenn. 421, 37 S. W. 212, 35 L. R. A. 244, 56 Am. St. Rep. S13; Cook v. Association, 104 Ga. 814, 30 S. E. 911; Pfels-ter v. Association, 19 W. Va. 093

Source: Black's Law Dictionary 2nd Ed (1910)