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friendly society |
Also found in: Dictionary/thesaurus, Wikipedia, Hutchinson | 0.01 sec. |
friendly societyMutual aid organization formed voluntarily by individuals to protect members against debts incurred through illness, death, or old age. Friendly societies arose in 17th- and 18th-century Europe and England and became most numerous in the 19th century. They trace their roots to the burial societies of Greek and Roman artisans and the guilds of medieval Europe. In attempting to define the magnitude of the risk against which they guarded and to determine how much members should contribute to meet that risk, friendly societies used what is now the basic principle of insurance. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Mazda developed this unique hybrid rotary engine technology as part of its effort to promote an environmentally friendly society. With this move, KHI aims to contribute to the realization of an environmentally friendly society. Membership in a friendly society linked people as part of a new group, gave them a new identity, and would provide a benefit for members as they approached old age, disability, or some other threat to their income. |
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