guarantee stock

A fixed, nonwithdrawal investment in a building-and-loan association.

• This type of stock guarantees to all other investors in the association a fixed dividend or interest rate. See BUILDING-AND-LOAN ASSOCIATION. [Cases: Building and Loan Associations 7. C.J.S. Building and Loan Associations, Savings and Loan Associations, and Credit Unions §§ 33, 36.]

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