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Finance Dictionary and Glossary of Investment Terms
Cooperative
Definition 1.
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.
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Definition 2.
A type of common property ownership, such as when the residents of a multi-unit housing complex own shares in the corporation that owns the property, rather than owning their own units. also called co-op.
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