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
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005

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.
McGraw-Hill Dictionary of Architecture and Construction. Copyright © 2003 by McGraw-Hill Companies, Inc.
References in periodicals archive ?
Co-operative societies have been implored to consider setting up a bank so as to further entrench themselves as key players in the economy of Botswana.
Apparently, what they did was scan the table of contents, identify the report's reference to the current Finance Minister Harris Georgiades, in chapter 27.8, and simply read the three pages in which the committee of enquiry assigned "heavy responsibility to the minister for the collapse of the Co-operative Credit Sector".
The law dubbed Kiambu County Co-operative Societies Act, 2018, which came to effect on October 12, has been challenged in court.According to section 57 (4) of the new law which Kiambu Governor Ferdinand Waititu says is meant to streamline the co-operative movement, societies may be required to amend their bylaws to allow officials to run for more than two terms.
"It is important that farmer/grower co-operatives have the right support available to maximise their potential and the benefit they return to their members.
The two organisations decided to join forces to "strengthen the local offering for Wooldale Co-operative customers and members and safeguard the society's stores".
Ed Mayo, secretary general of Co-operatives UK, said: "As the UK economy picks up, we need to ensure what develops is an economy that works for everyone.
"Despite deeply competitive markets, the sector as a whole has remained stable and co-operatives trading in retail and agriculture have grown by 10% over the last five years.
The Warwickshire-headquartered Co-op picked up the accolade at this year's Co-operative Congress held in Birmingham.
Founded in 1895, ICA is a nongovernment co-operative federation that unites, represents, and serves co-operatives and the co-operative movement worldwide.
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.