co-op

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Cooperative

Any organization owned by its members. A cooperative may be a business owned by its employees and/or customers, a residential complex owned by the people who live in it, or even a bank owned by its depositors. Certain legal requirements are incumbent upon cooperatives; for example, there is often a cap on how much of their profits may be distributed. See also: Cooperative economics.

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.

co-op

(1) Short for cooperative apartment, being a method of owning real estate in which a corporation owns a building and related facilities and persons who buy stock in the building are entitled to rent a particular unit, called a proprietary lease, at rates significantly below market rents. (2) An arrangement between two real estate agents for the sale of a property and splitting of the commission, usually as a result of one agent having the listing with the owner and another agent bringing the buyer to the closing table.

References in periodicals archive ?
CMS says it also will let companies or foundations that invest in a CO-OP or lend money to a CO-OP put representatives on the CO-OP's board.
Employer self-funded health plans, church plans, Taft-Hartley union plans, hospital-owned health care systems, the American Medical Association, Bill Gates and Wal-Mart all can sponsor CO-OPs.
Bridgend: Blaengarw Food Co-op, Blaengarw Workmen's Hall, Blaengarw; Old Post Office Food Co-op, 3-4 The Precinct, Wildmill; Fruits of Love Food Co-op, Arosfa, Madoc Close, Brackla; Ogmore Oranges Co-op, Ogmore Vale Primary School; Sweet Potato Co-op, Lewistown; Cefn Glas Food Co-op, St Winifred's Road, Cefn Glas; Bettws Food Co-op, Life Centre, Bettws
"Cooperatives can enable African Americans to have more control of their income, wealth creation, and work situation--particularly if it's a worker-owned co-op," says Jessica Gordon Nembhard, a member of the BLACK ENTERPRISE Board of Economists and professor of African American Studies at the University of Maryland, College Park "Coops can also give workers more control over their finances and industrial labor."
This is a valuable alternative to named peril condo and co-op insurance policies that only cover specific perils.
Moreover, the number of co-ops steadily grew in Montgomery County (and the country) throughout the postwar period, and many existing co-ops maintained waitlists.
It wasn't a small feat for producers like his grandfather to put the first co-ops together, and it certainly wasn't intended to be a short-term investment, he reflects.
Publisher and editor of Green Living, MARSHALL GLICKMAN is the uncompensated treasurer and a two-term board member of the Brattleboro Food Co-op in Brattleboro, Vermont.
Food banks are not the only way of ensuring that co-op housing members share their resources and commitment to community development.
If you're interested in co-op, you have many different options to choose from.
For a co-op, preferred stock interest rates are substantially lower than a commercial loan or a line of credit.
CMS officials explained that, "CMS is exploring what changes could be made to help CO-OPs diversify their boards and grow and raise capital, while still preserving the fundamentally member-run nature of the CO-OP program."