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 ?
'The cooperative movement in the country has mobilised Sh800 billion in savings and employed more than one million people directly and indirectly,' Mutai said.
"Despite the publication of show-cause notice in leading newspapers, neither any members nor management of any cooperative societies (under liquidation) have approached this office with respect to the working and affairs of these cooperative housing societies," informed sources in the registrar office.The sources said that now these 603 cooperative societies have been issued final show-cause notice and the management of the societies have been once again directed to immediately ceased their working as the registration of all the cooperative societies (under liquidation) shall be treated as cancelled after seven days.
(Philreca), the country's umbrella group for electric cooperatives (ECs), has slammed Cusi for recommending to the House of Representatives last Jan.
To articulate the required reforms in agriculture cooperative marketing and credit access to reduce poverty.
News Report The 47th National Cooperatives Day will be observed in the country today (Sunday) under the auspices of the Local Government, Rural Development and Cooperatives Ministry.
For the Small-Agri-based category, winners were the Holy Trinity Agro-Forestry Multi-Purpose Cooperative from City of Ilagan (1st place), St.
He added that several countries around the world have recognised the role of cooperatives and the special ministry assigned to take care of cooperatives had the 'cooperative' word maintained, to elevate the position of cooperatives.
ISLAMABAD -- International Day of Cooperatives was observed on Saturday to express solidarity with the people associated with cooperatives movement.
He further said, automation process of the cooperative department is being completed and data being compiled so that the cooperative department could play a more effective and important role to address complaints of the members of the housing societies besides, steps to acquaint the administration of the housing societies about the Cooperative Act and rules and regulations.
Wesley Savings and Multi-Purpose Cooperative, San Isidro, Isabela
He went on to serve as president of the Cooperative League of the United States (now National Cooperative Business Assoc.
If I were to summarize it, Cooperatives for A Better World challenges the global community to elevate themselves and move beyond the inequalities of the 20th century into an era of innovation and sustainability through the cooperative business model, to secure a more equal, equitable and stronger future.

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