Definition for building and loan
n. another name for savings and loan association. As the name implies, originally these institutions were meant to provide loans for building a house after the depositor had saved enough for a down payment.
building and loan
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What is in a legal definition?
Legal definitions serve as the cornerstone of legal interpretation, providing clarity and precision within legal texts, statutes, and regulations. A well-crafted legal definition ensures uniform understanding and application of law, which is critical in the administration of justice.
Where do legal definitions originate?
The origins of legal definitions are deeply rooted in history, culture, and philosophy, evolving through various legal systems, traditions, and practices worldwide. Legal definitions serve as the backbone of legal interpretation and application, providing clarity and consistency within the legal framework.
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