BUILDING AND LOAN ASSOCIATION
\bˈɪldɪŋ and lˈə͡ʊn ɐsˈə͡ʊsɪˈe͡ɪʃən], \bˈɪldɪŋ and lˈəʊn ɐsˈəʊsɪˈeɪʃən], \b_ˈɪ_l_d_ɪ_ŋ a_n_d l_ˈəʊ_n ɐ_s_ˈəʊ_s_ɪ__ˈeɪ_ʃ_ə_n]\
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An organization created for the purpose of accumulating a fund by the monthly subscriptions and savings of its members to assist them in building 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. 813; Cook v. Association, 104 Ga. 814, 30 S. E. 911; Pfels- ter v. Association, 19 W. Va. 693.
By Henry Campbell Black
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