Cooperative

(redirected from Co-operative)
Also found in: Dictionary, Thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia.
Related to Co-operative: Co-operative housing

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

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.

cooperative

see WORKERS' COOPERATIVE, RETAIL COOPERATIVE.

cooperative

a form of business FIRM that is owned and run by a group of individuals for their mutual benefit. Examples of cooperatives include:
  1. worker or producer cooperatives: businesses that are owned and managed by their employees, who share in the net profit of the business.
  2. wholesale cooperatives: businesses whose membership comprises a multitude of small independent retailers. The prime objective of such a group is to use its combined BULK-BUYING power to obtain discounts and concessions from manufacturers, similar to those achieved by larger SUPERMARKET chains.
  3. retail cooperatives: businesses that are run in the interest of customers, who hold membership rights entitling them to receive an annual dividend or refund in proportion to their spending at the cooperative's shops.

See WHOLESALER, RETAILER, DISTRIBUTION CHANNEL.

References in periodicals archive ?
The region's largest co-operative is South Shields-based GrainCo, an agricultural collective owned and run by farmers in the North East, which has an annual turnover of PS173m.
The Co-operative Group is coming out of a challenging period into one of renewal, and this of course has had an impact on the sector.
The Commission concluded that co-operatives and mutuals offer significant business economic, social and environmental benefits compared with ordinary businesses and the report set out proposals for a comprehensive programme to support the sector's growth.
he breadth of coverage by the author sometimes leads the narrative to break down into a series of short sections listing the histories of notable co-operatives and communes.
The study of Serbian Association of Agricultural Economists - SAAE (2011) outlines some of the negative factors of Serbia's agricultural co-operatives: inappropriate education of the members of co-operatives on contemporary agriculture and agricultural co- operatives; agricultural producers are not adequately motivated for joining co-operatives; co-operative managers work mostly for fixed salary; institutional neglect of co-operatives was observed at the national level.
Derek Walker, chief executive of the Wales Co-operative Centre, applauded Mrs Hart's decision, and said: "Organisations in the co-operative sector will be delighted.
Cosmos Co-Operative Bank has pledged to protect money deposited into the loss-making peer and to give it back with interest.
Co-operative Insurance, headquartered in Middlebury, Vt.
Co-operauves are best known at a national level via high street retailers such as The Co-operative Group, which is leading the way in community retailing and Fairtrade.
TO celebrate the second round of this season's Co-operative Insurance Cup, we're giving eleven lucky readers the chance to watch their chosen home team in action in the second round ties of The Co-operative Insurance Cup.
PEOPLE SPORT has joined forces with The Co-operative to give you the chance to win a fantastic VIP family pass to watch Halifax RLFC take on Barrow Raiders in the next round of The Co-operative Championships.

Full browser ?