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单词 friendly society
释义

friendly society

noun
(In the UK) a mutual association providing sickness benefits, life assurance, and pensions.They can buy from life insurance companies, friendly societies, unit trusts, building societies, or banks....
  • In contrast, a building society or a friendly society has set guidelines on the purposes for which it will lend.
  • In 1997, over 12 million people were covered for medical expenses by insurers, friendly societies, and cash plan companies.

Origin

Originally the name of a particular fire-insurance company operating circa1700.

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更新时间:2024/11/11 9:47:43