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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.

cooperative

see WORKERS' COOPERATIVE, RETAIL COOPERATIVE.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson

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.

Collins Dictionary of Economics, 4th ed. © C. Pass, B. Lowes, L. Davies 2005
References in periodicals archive ?
Researchers looked at data from 12 studies on 10 species of cooperatively breeding vertebrates in order to analyse the relationship between the number of helpers present and egg size.
Ambassador Lodhi said that if the United Nations wishes to maintain international peace and security, it must strive to find ways to ensure two things: One, that Member States remain willing to share water resources peacefully and cooperatively; and, two, that Member States' willingness to resolve such issues are not constrained by any lack of capacity.
"People need not worry or be concerned because we will work together cooperatively and that's what we have done up to now," he said.
It seems playing video games cooperatively with others can lead to widespread benefits by making players think helpful behaviors are valuable and commonplace.
This pre-IDE documentation has been submitted to the FDA to obtain the agency's guidance in the regulatory pathway, the proper approach to refine the clinical and statistical plan and to ensure it is working closely and cooperatively with the FDA review team.
He has also played the top financial role for a large cooperatively owned private bank and has earlier worked for five years for two of the top four accounting and auditing firms, Capitol Bancorp said in a statement.
The pacing of the early levels where you learn your spells and attend lessons are much better-suited to younger gamers, but playing cooperatively is where the real fun is.
You can also shop cooperatively, bank co-operatively or switch to a co-operative telecoms provider.
Skanemejerier is southern Sweden's leading dairy and is cooperatively owned by 670 dairy farms.
There are no disagreements between members of the Interim Government, said Edil Baisalov, Chief of the Interim Government Chair's Executive Office.Unlike the government of Akaev and Bakiev, the Interim Government is an open body, where all decisions are taken cooperatively, he explained."The Interim Government came to power in the result of the tragic events, this is why it realizes its responsibility in full and expectations of people," Baisalov told reporters today at Kabar national news agency.

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