cooperative

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Related to Co-operatives: Agricultural cooperatives

cooperative

, co-operative
1. 
a. (of an enterprise, farm, etc.) owned collectively and managed for joint economic benefit
b. (of an economy or economic activity) based on collective ownership and cooperative use of the means of production and distribution
2. a cooperative organization
3. US a block of flats belonging to a corporation in which shares are owned in proportion to the relative value of the flat occupied

cooperative

A form of real estate ownership of a multi-unit housing structure by a non-profit corporation which leases portions of the property to its stockholders. The stockholders are part owners of the corporation; they do not own their own apartments. Periodic payments, usually monthly, by stockholders are used to meet costs of ownership, such as mortgage payments, property maintenance, taxes, and repairs. Such shareholding by the tenant allows him to occupy a dwelling unit while not possessing direct title to it.
References in periodicals archive ?
In a joint statement, Bob Burlton, chairman of the Co-operative Group, and Bill Hoult, president of United Co-operatives, said: "We are delighted that our two boards have given the green light to the merger.
Young Co-operatives is now regarded by the UK Co-operative and Fairtrade Movements as their major contribution to the young enterprise agenda which is close to the heart of Government and all the regional development agencies.
Despite these innovations, housing co-operatives need help to forge a successful mutual future within our housing system for themselves and other resident and community-led organisations.
he breadth of coverage by the author sometimes leads the narrative to break down into a series of short sections listing the histories of notable co-operatives and communes.
The announcement also calls into question the government's support for the United Nations International Year of Co-operatives, which Canada publicly endorsed when the UN resolution was adopted in 2009.
It was launched to coincide with the United Nations International Year of Co-operatives 2012.
Housing Minister, Carl Sargeant announced funding totalling Au1,909,150 for three pioneer co-operative housing pilot schemes in Newport, Cardiff and Carmarthenshire today.
THE Midcounties Co-operative has won recognition from its members after being crowned winner of the prestige Co-operative of the Year Award.
Excluding co-operative businesses based elsewhere in the UK but trading in Wales, like The Co-operative Group and the John Lewis Partnership, the largest co-operatives in Wales are primarily based in agriculture and farming, with Clynderwen and Cardiganshire Farmers the biggest independent co-operative in Wales.
The Commission concluded that co-operatives and mutuals offer significant business economic, social and environmental benefits compared with ordinary businesses and the report set out proposals for a comprehensive programme to support the sector's growth.
From pubs to grocers and cafes to childcare the co-operative model is seeing renewed interest from a public concerned for environment, ethical trading, accountability and sustainability.