cooperative

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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 ?
First, in order to better align the regulations with the act, the FEC has replaced the term membership association with membership organization and redefined it as an unincorporated association; trade association; cooperative; corporation without capital stock; or a local, national, or international labor organization that
More than 250 members, friends, political allies and industry media attended the party honoring the oldest membership organization of its type in the city of New York.
either 1) have a significant financial attachment to the membership organization, such as a significant investment or ownership stake; 2) are required to pay membership dues at least annually; or 3) have a significant organizational attachment that includes direct and enforceable participatory and governing rights.
Example 1: A membership organization, O, subject to Sec.
The oldest and most respected membership organization for real estate managers and related fields in the greater New York metropolitan area, NYARNI conducts an education and certification program through New York University's School of Continuing and Professional Studies and hosts monthly membership meetings, special events and seminars year-round.
Senske, chief executive officer of Lutheran Social Services of the South, recently was named vice chair of the board of directors of Thrivent Financial for Lutherans, a Fortune 500 financial services membership organization.
a membership organization dedicated to improving the ecological health of the Lower Susquehanna River Watershed and the Chesapeake Bay.
NPCC), "the voice and information source for New York nonprofits," is a service and membership organization for more than 1,450 nonprofit organizations in the NYC area.
Formed in 2006, the Entertainment Consumers Association (ECA) is a 501(c)(4) non-profit membership organization established to serve the evolving needs of individuals who play computer and video games by giving their passion a voice.
The Society of Competitive Intelligence Professionals (SCIP) is a global nonprofit membership organization for everyone involved in creating and managing business knowledge.