Terminating Building Societies
Defined in 2 dictionaries — Cyclopedic (1922), Black's (1910)
The Cyclopedic Law Dictionary
Walter A. Shumaker and George Foster Longsdorf; ed. James C. Cahill · 1922
Societies, in England, where the members commence their monthly contributions on a particular day, and continue to pay them until the realization of shares to a given amount for each member, by the advance of the capital of the society to such members as required it, and the payment of interest as well as principal by them, so as to insure such realization within a given TERMINER (Law Fr.; from Lat. ferminare q. v.). To determine. A oyer et terminer toutes quereles, to hear and determine all complaints. Britt. fol. 1.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
Societies, in England, where the members commence their monthly contributions on a particular day, and continue to pay them until the realization of shares to a given amount for cach member, by the advance of the capital of the society to such members as required it, and the payment of interest as well as principal by them, so as to insure such realisation within a given period of years. They have been almost superseded by permanent building societies. Wharton.