Advertising

Cooperative or co op

• Refers to a form of real estate ownership. Here, the property is owned by shareholders. Each shareholder owns proprietary rights to a specific unit or dwelling while also owning an interest in the entire property. In many places, loans for such properties are effectively personal loans securitized by the shares of ownership. This is different from the usual real estate mortgage loan which is directly secured by the underlying real property. The term can also refer to a business arrangement whereby parties of similar interest combine their activities. One example of this would be a farmers cooperative to market grain or produce; operate and own storage facilities; or operate and own equipment.

 
 Embedded terms in definition
 Interest
Market
Mortgage
Real estate
Rights
Secured
Shareholders
Shares
Underlying
Unit

<< Convexity Core competency >>

Teaching Children the Financial Facts of Life: Showing the importance of saving, spending wisely and sharing with others More...

We are at our very best, and we are happiest, when we are fully engaged in work we enjoy on the journey toward the goal we’ve established for ourselves. It gives meaning to our time off and comfort to our sleep. It makes everything else in life so wonderful, so worthwhile. - Earl Nightingale

Advertising



Copyright ©2009-2018 GVC. All rights reserved.