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Bausparkasse

building society, savings and loan association

noun BOW-shpar-kas-e Rare
People & Society Money

Usage Note

Bausparkasse is a German-specific institution where members save regularly and receive a subsidised loan for property purchase or renovation after a qualifying period. Products include the Bausparvertrag (building society contract).

Examples

"Sie hat schon als Kind einen Bausparvertrag bei einer Bausparkasse abgeschlossen."

Natural Translation

She took out a building society savings plan as a child.

Literal Translation

She has already as child a building-savings-contract at a building-society concluded.

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