'Cooperative society' definitions:
Definition of 'Cooperative society'
From: GCIDE
- Cooperative \Co*["o]p"er*a*tive\, a. Operating jointly to the same end. [1913 Webster]
- Cooperative society, a society established on the principle of a joint-stock association, for the production of commodities, or their purchase and distribution for consumption, or for the borrowing and lending of capital among its members.
- Cooperative store, a store established by a cooperative society, where the members make their purchases and share in the profits or losses. [1913 Webster]