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 ?
The Commission will consider the advantages to be gained from an expanded role for co-operatives and mutuals in the future and how this could be supported.
Thanks to independent retail co-operatives like this, nearly everyone knows about the co-operative movement.
The co-operative model offers an alternative way to do business and provides a robust approach to enterprise that can help to restore a lost sense of community cohesion and can contribute to the re-building of a more balanced and sustainable UK economy.
Housing Minister Caroline Flint has also offered support: "We now need to explore how we can mainstream the excellent work of existing housing co-operatives and mutual housing solutions to shape the housing of tomorrow.
The two societies activities are geographically complementary and together account for over 80 percent of co-operative retail trade in the UK.
I am incredibly proud of all the schools and young people who have embraced Young Co-operatives with such enthusiasm.
Saskatoon SK, Centre for the Study of Co-operatives, University of Saskatchewan.
Chief executive of the Wales Co-operative Centre, Simon Harris, said, 'When you mention co-operatives most people think of the Co-op stores.
In January there was a major development in this area with the publication of the Co-operative Commission report The Co-operative Advantage.
Foreclosing on a co-operative apartment is accomplished in a fundamentally different manner than the traditional methods employed in foreclosing real property.
The Co-operative Housing Foundation of Canada (now the Co-operative Housing Federation) was established in 1968 and was successful in lobbying for legislative changes which permitted the financing of nonequity continuing co-operatives under the National Housing Act.
The International Year designation provides an opportunity for co-operatives globally to come together and to raise awareness of their way of doing business.