co-op

Definition

A unit of a housing cooperative; a purchased apartment where the apartment owners collectively are responsible for maintenance of common areas and upkeep.

Etymology

From cooperative, by shortening.

Example Sentences

• "Whereas condo residents own their apartment outright, co-op residents are shareholders in a company that owns their building and have a right to live in their apartment. As such, co-op owners have control over who they allow in."
• "Once or twice a week, Chris Wotton, an unemployed farm labourer who ran the coop, and some of the estate's older children, borrowed a van from Centerprise […]"
• "In the spring of 1954, three agricultural producers’ co-operatives — Chenkuang, Nungyuan and Yangchiachai — were formed in Kuangta Township, Suiyang County, Kweichow Province. Since then they have put in nearly a year’s intensive work in farm production, finishing up in the autumn with the distribution of the year’s harvest. Our Party has strengthened its political and ideological leadership over them in good time. As a result, the three co-ops have been put on a firm footing and are making considerable headway. They have created a good impression among the peasants outside the co-ops, who say, “The co-ops are doing better in every way than we!” These co-ops are really taking the lead on the road to co-operation."