Definition of savings and loan in US English:

savings and loan

(also savings and loan association)


  • An institution that accepts savings at interest and lends money to savers chiefly for home mortgage loans and may offer checking accounts and other services.

    as modifier ‘savings and loan associations’
    • ‘The original institutions were constituted as savings and loans organisations with the loans backed by insurance.’
    • ‘The ability to name a beneficiary, however, is a feature that you must add to the account, but most banks, savings and loans, credit unions, and brokerage firms allow you to do so.’
    • ‘These are local savings and loans organisations set up and run by the people for the people.’
    • ‘The US found itself with a creaking banking system, a savings and loans crisis, a corporate sector that appeared to be losing the international battle and a huge trade deficit with the rest of the world.’
    • ‘True, the U.S. financial system is stronger than in the 1990-91 recession, when dozens of savings and loans failed.’
    • ‘The costs of that level of crisis, both to the government and to the overall economy, would have dwarfed that of the savings and loan failures of the 1980s.’
    • ‘In the U.S. there is significant widening of credit spreads to levels consistent with the last recession and the savings and loans crisis.’
    • ‘Somewhat similar measures were applied in a much narrower setting to solve the American savings and loan crisis in the late 1980s and early 1990s, and they worked.’
    • ‘Thousands of savings and loans had failed in recent years, and hundreds of commercial banks were failing annually.’
    • ‘Specifically, she studies the ideas that formed the basis for regulating commercial banks, savings and loans and credit unions.’
    • ‘Unlike many well-capitalized savings and loans and commercial banks, they have chosen not to manage that risk by holding greater capital.’
    • ‘We measured institutional ownership as the number of shares held by pension funds, banks and trust companies, savings and loans, mutual fund managers, and labor union funds divided by total common stock.’
    • ‘These are commercial banks or savings and loans that are classified by the Federal Reserve as black institutions and have been fully operational for the previous calendar year.’
    • ‘The first, and still perhaps the most spectacular, were the savings and loans collapses in the Reagan era.’
    • ‘He keeps his savings and loan company alive during the depression by reaching out to the tired, poor, and huddled masses spurned by his fat-cat competitor.’
    • ‘Following the savings and loans crisis, it cost the US 4 percent to 5 percent of its GDP to recover.’
    • ‘Credit unions provide savings and loans facilities to many people who might otherwise be excluded from financial services because of the red-lining practices of the big institutions.’
    • ‘While it is true that government policy favored savings and loan associations, and an apparatus was created to permit their creation, the government itself did not create savings and loans.’
    • ‘By 1980 the savings and loan industry was ailing.’
    • ‘Although response is often discouraging, crises - such as the U.S. savings and loan crisis of the 1980s - provide opportunities for independent voices to be heard and sound policy to be enacted.’
    financial institution
    View synonyms


savings and loan

/ˌsāviNGz ən ˈlōn/