cooperative

Definition

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.

Use cooperative in a sentence

He was very cooperative with us and went to the station without any kind of disagreement and that made us like him.

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The employees worked together at a cooperative between the company and the local government to provide low cost gasoline to the town.

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To make a good, sound investment for your future, it is suggested that you involve yourself in a cooperative option with the big companies.

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mutual association replacement reserve fund