co-op

co-op definition - business

co-op

  1. A business that is jointly owned and controlled by the people who use its services. See also producer cooperative.
  2. A relationship among a student, an educational institution, and an organization in which the student combines academic study with periods of paid work experience.
  3. Retailer advertisement that includes mention of a particular product or company that reimburses the retailer in part or whole.
  4. A housing community that is jointly owned and managed by the residents. Also called cooperative. See also limited equity cooperative.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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