cooperative

(redirected from Membership organisation)
Also found in: Dictionary, Thesaurus, Medical, Legal, Financial.

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 ?
KWID is a non-profit, community based membership organisation with a mission to enable women and men, especially those from disadvantaged communities to improve their quality of life.
A MEMBERSHIP organisation for private ophthalmologists has been fined 500,000 [pounds sterling] for a string of breaches to competition law stretching back to 2008.
BUSINESS leaders in Coventry are being given an insight on how to survive the recession from the world's largest chief executive membership organisation.
A DIRECTOR at a top North East digital printing and exhibition display company has won new business thanks to networking events with the region's leading business membership organisation.
Some five million British employees are now taking part in some form of employee share plan, according to annual figures from ifs ProShare, a not-for-profit membership organisation that acts as the voice for the employee share ownership industry.
A not-for-profit membership organisation, Proskills works to develop the skills that UK business needs in five sectors - paint and coatings, extractives, glass, building products and print.
The Legion is among the UK's largest membership organisation, with 519,000 members.