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 Democratic senators who championed the CO-OP program left the Senate soon after CMS began setting up the loan program, and the CO-OPs became political orphans in Washington.
Community & Population Health: Environmental Health (BHSc) Co-op
The most successful group of black co-ops is the Federation of Southern Cooperatives/ Land Assistance Fund, which is a "network of rural cooperatives, credit unions, and state associations of cooperatives and cooperative development centers in the southern United States," says Nembhard.
These risks may be exacerbated when owners are away, especially where condos and co-ops are purchased as seasonal residences.
Furthermore, in response to totalitarianism abroad, America re-committed itself to democracy during the 1930s and 1940s, a set of values explicitly promoted by co-op nursery schools both in their organizational structure and their progressive philosophy of early childhood education.
Even after co-ops switched to professional management, they often remained informal and collectively run.
Co-op sizes vary, but a couple of dozen families seems to be a good number.
The co-op distributed to its creditors summary financial statements, which reported the plant as a $4.
Co-op should not be confused with simply working your way through college.
FSCC, LLC, a part of CO-OP Shared Branching, offered CO-OP Sprig to our clients in a soft launch.
Drafters of the Patient Protection and Affordable Care Act (PPACA) provided the CO-OP startup loan funding in an effort to increase competition in the private health insurance market by creating a new breed of nonprofit, member-owned insurers.
You can request free co-op educational brochures or booklets from USDA for handouts (send requests to: Coopinfo@ wdc.