cooperative

  

Definition

Firm owned, controlled, and operated by a group of users for their own benefit. Each member contributes equity capital, and shares in the control of the firm on the basis of one-member, one-vote principle (and not in proportion to his or her equity contribution).

Use cooperative in a sentence

  • Despite contributing more equity to the cooperative than other members, Bill gets one vote during any decision making process just like the other members.

    Was this Helpful?   (3)   (1)
Show more usage examples...

Related Videos




http://www.businessdictionary.com/definition/cooperative.html

Have a question about cooperative? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z