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 ?
This is a hugely challenging time for the industry that will require us all -- industry, government and the new regulator -- to work co-operatively and collaboratively to ensure we address the issues that face us." Trevor Garlick, Oil & Gas UK co-chairman and regional president -- BP North Sea, said he was very pleased by the appointment.
While we understand the economic imperatives behind these agreements, we believe these can exist co-operatively with student-operated broadcasts, which are generally non-commercial in nature.
"As well as achieving first aid skills, the scheme allows young people to gain numerous personal skills, such as the ability to be assertive, to make decisions, to work independently and co-operatively, while increasing their selfconfidence.
He also wished for all parties within the labour force to operate collectively and co-operatively to ensure the economic growth of Namibia so that it can become a financial hub of SADC and of Africa.
Deputy mayor Cllr Paul Brant said the council thanked the community for its understanding, adding: "They've worked very co-operatively with the council.
The study examines the ownership, usage and future of Britain's piers and highlights the crisis, offering a blueprint for their future revival as co-operatively owned assets for the benefit of the community.
A host of agencies and companies worked co-operatively in order to ensure the delivery went smoothly.
Out now THERE are few things that Japanese gamers with hand-held consoles love more than meeting up and hunting monsters co-operatively. Ideally while playing a Monster Hunter title.
Semcon, a global company active in the areas of engineering services and product information, is collaborating with Sentient, a Gothenburg-based, co-operatively owned and managed developer of active safety software products for cars and heavy vehicles.
Split across four individual campaigns - one of which unlocks after you've beaten the first three campaign chapters, and three of which can be played co-operatively with a human or AI partner - each relates to the other, but they offer very distinct tones.
"We should co-operatively address the challenges as two major members of the world's largest economic blocs through our strategic partnerships for the joint interests of our people," he said.
It is co-operatively owned by over 450 financial institutions across New England.