friendly society


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friendly society

a business organization which is owned by its members. Friendly societies were the forerunners of many modern Insurance Companies and BUILDING SOCIETIES. See REGISTRAR OF FRIENDLY SOCIETIES, BUILDING SOCIETIES ACT, 1986.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

friendly society

an association of individuals (members) who make regular voluntary contributions into a fund upon which they can draw in times of need or to provide themselves with houses. Friendly societies were the forerunners of the modern INSURANCE SOCIETIES and BUILDING SOCIETIES. See REGISTRAR OF FRIENDLY SOCIETIES, BUILDING SOCIETIES ACT 1986.
Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Children's Mutual, the friendly society which pioneered the concept of 'Baby Bonds' in its earlier incarnation as Tunbridge Wells Equitable, is linking with a range of High Street shops, including Boots and Mothercare, Lloyds TSB and a long list of building societies to offer two products which offer access to several managed funds.
"I think everybody should have a friendly society plan.
With these friendly society children's savings accounts, you salt away a modest, regular monthly sum for a minimum of 10 years.
THE current Oddfellows friendly society has a history that dates back almost 200 years, but its origins go back even further than that.
WMS, based in Halesowen, is rolling out its first Lisa Child Trust Fund Solution to the Homeowners Friendly Society.
Liverpool Victoria, the UK's largest friendly society, announced they were cutting bonuses paid on their conventional with-profits policies and maintaining themon their unitised ones.
WITH a heritage of innovation, specialist over 55's medical insurer, Exeter Friendly Society has launched Share Care, a highly flexible, menu-based approach to private medical insurance.
According to friendly society Liverpool Victoria, parents will spend nearly pounds 3,000 on presents for a child between the ages of five and 11.
AN over-50s Life Cover plan which gives a lump sum for funeral costs to your next of kin when you die is available from the Homeowners Friendly Society. Phone 0500 848262.
Shops are already selling out - but there is a way you can be sure of one: Persuade your mum, gran or rich relative to be one of the first 50 Sunday People readers to take out a Children's Cash Builder Plan with the Homeowners Friendly Society before Christmas - and they'll send you a yo-yo!
Family Assurance Friendly Society's Junior Bond: It's aimed atsavings of pounds 10 to pounds 25 a month.The money won't be touched for 10 years and there's life insurance at no extra cost.
HAWAII came to Kirkheaton when the Foresters Friendly Society held a fundraising event for two UK bowel cancer charities.