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cooperative Definition

co·opera·tive (kō äp′ər ə tiv, -ər āt′iv)

adjective

  1. cooperating or inclined to cooperate
  2. designating or of an organization (as for the production or marketing of goods), an apartment house, store, etc. owned by and operated for the benefit of members who use its facilities or services

noun

a cooperative society, store, etc.

cooperative Related Forms

co·op′era·tively adverb or co-op′eratively co·op′era·tive·ness noun or co-op′erativeness

cooperative Synonyms

cooperative

modif.

  1. Helpful

    supportive, accommodating, neighborly; see helpful 1, kind.

  2. Involving cooperation

    cooperating, agreeing, joining, combining, collaborating, collaborative, collegial, coactive, uniting, concurring, participating, symbiotic, coadjutant, collective, in joint operation; see also common 5, united.

    Antonyms competitive, independent*, rival.

cooperative Synonyms

cooperative

n.

marketing cooperative, consumer cooperative, communal society, communal enterprise, kibbutz, commune, collective farm, state farm; kolkhoz, sovkhoz (both Russian); collective, co-op*; see also organization 3.

cooperative (coop) Finance Definition

A form of housing in which residents form a corporation for the purpose of owning and managing a multi-unit property collectively. Instead of owning an individual apartment, residents legally own a set number of shares in the coop that gives them the right to use the apartment. If a resident wants to move, those shares are sold to another buyer who then moves into the apartment. Owners pay a maintenance fee each month that covers the expense of utilities, an underlying mortgage on the building, salaries for staff members, and other costs of upkeep. The maintenance fee may also cover a reserve fund, which is a savings account that can be drawn on in the event that an expensive repair needs to be made. As a result of part of the maintenance payment going to pay for a mortgage, some of the monthly maintenance payment, often half, may be deducted from income taxes on Schedule A of the Form 1040.

Typically, coop owners hold an annual meeting at which owners elect members to the board of directors and vote on any other coop issues. Although coops are a typical form of housing in New York City, with over 80 percent of the housing stock comprised of coops, they are a relatively rare phenomenon in other parts of the United States.

cooperative Law Definition

n

  1. An organization or business enterprise, organized as either an association (cooperative association) or corporation (cooperative corporation), owned by those who use its services. All profits are shared amongst the cooperative’s members in proportion to the money or labor each member contributed.
  2. A dwelling owned by a cooperative whose members lease their apartments or living quarters from the cooperative. See also condominium.

cooperative Usage Examples

Converse of object

establish: Results Reasons for establishing cooperatives Most members established and joined cooperatives with the aim of reducing their hours on call.

Adjective modifier

  • agricultural: Such a union might be thought of as an agricultural cooperative.
  • rural: Significant progress was made in introducing a shareholding system in state-owned commercial banks and in reforming rural credit cooperatives.
  • financial: A Credit Union is a democratic financial Cooperative owned and controlled by its own members.

Modifies a noun

  • gameplay: Gamers will experience richer cooperative gameplay than ever, through unique characters that require cooperation to survive.
  • venture: Clinical hypnosis is a cooperative venture, based on mutual trust.
  • endeavor: The most positive factor in cooperative endeavors is their ability to ensure mutually dependent success.
  • cellar: Marketing: About one quarter of the region's wine is produced by seven cooperative cellars.
  • effort: We are nowhere near the level of cooperative effort which is possible in Europe at the present time.
  • learning: Key Words: cooperative learning, constructivist pedagogy, distance learning.

Modifying Another Word

  • extremely: I found the representatives of the university friendly to talk to and extremely cooperative, which made me consider their offer more seriously.
  • very: We're all a very cooperative bunch round here.

Noun used with modifier

  • dairy: The program is administered by the National Milk Producers Federation, a membership organization for dairy cooperatives.
  • GP: In other cases, contact the out-of-hours GP cooperative.
  • housing: There are 344 housing cooperatives of which 273 are registered.
  • coffee: KNCU coffee cooperative supplies 20 percent of its coffee to the Fairtrade market.
  • credit: Unfortunately, most savings and credit cooperatives are not rendering their members the best possible service.
  • producer: In a producer cooperative, the members produce in the framework of the cooperative.

Possessives

  • farmer: The site also looks at farming legislation and farmers ' cooperatives.
  • worker: The Bakery began as a CCM project, was established as a workers ' cooperative, and is now functioning as an independent business.