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Cooperative |
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Cooperative An organization owned by its members. Examples are agriculture cooperatives that assist farmers in selling their products more efficiently and apartment buildings owned by the residents who have full control of the property. Cooperative (co-op). A co-op is a corporation that owns a particular residential property. The shareholders are the tenants who, instead of owning an individual unit, own shares in the corporation, which gives them the right to live in that unit. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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There were mixed results for cooperatives as median prices per room for cooperatives set a record for studio/one-bedrooms jumping 24% to $173,000 per room, while overall median prices for cooperatives dipped 2% to $650,000. The Service looked to the underlying structure of the business arrangement, rather than focusing on mechanical details, suggesting that it may be prepared to approach issues relating to the treatment of cooperatives flexibly in the future. These cooperatives are autonomous, business-owned, and democratically controlled by their members--the people who buy or use their services. |
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