COOP

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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.

COOP

References in periodicals archive ?
Gaon's important contributions to the development and success of the Company and the Co-op group.
The co-op had been in receivership for years after the sponsor defaulted.
The Obama administration responded to traditional health insurers' concerns about competition from CO-OPs by putting tight limits on how the CO-OPs could use their loan money.
If a decision is not made within the six-week time period, the applicant will be automatically approved and the co-op will face steep penalties.
He also noted that Hansen must have been aware of the rules and accepted them when she was granted her type of membership in the co-op, including its termination upon her mother's death and the restriction on survivorship provisions.
67) According to leaders of the co-op movement, mothering should be part of a varied life.
Derochers says that as more and more exhibition opportunities for independent films dry up in Canada, an international outlook will become more important for the co-op.
The co-op retained Arthur Young & Company to perform its 1981 audit.
The co-op experience must be related to the student's classroom work.
This step builds on the substantial investments we've made in digital pattern recognition technology, and of course the heavy customization that clients need in the co-op space is easy for us, because we've been a custom shop since day one.
The committee held the hearing to look at federal oversight over the CO-OP program.
Michael Beall, NCBA president, also issued three challenges geared to strengthening the co-op sector: