Glossary

Author: Dixie Watts Reaves, Virginia Tech, dixie@vt.edu

Cooperatives Glossary

• Acquisition

• Advances

• Adverse Selection

• Agency Contract

• Allocated Equity (for cooperatives)

• Articles of Incorporation (for cooperatives)

• Assets (of cooperatives)

• Association (compared to cooperatives)

• Balance Sheets (for cooperatives)

• Banks for cooperatives

• Bargaining Cooperative

• Base Capital Plan

• Bylaw

• Capital (for cooperatives)

• Capital Credits

• Capper-Volstead Act

• Cash Patronage Refund

• Centralized Cooperative

• Certificate of Equity, of Investment; Revolving Fund Certificate

• Certificate of Membership

• Charter

• Clayton Act

• Closed Membership

• Common Stock (for cooperatives)

• Conglomerate Integration

• Consolidation

• Consumer Cooperative

• Cooperative

• Corporation

• Current Assets

• Current Liabilities

• Debt Capital

• Democratic Control

• Direct Investment

• Director

• Dividend

• Equitable

• Equitable Financing

• Equity or Equity Capital

• Equity Redemption

• Equity Redemption Plan

• Established Prices

• Exclusive Agency Bargaining

• Exempt Cooperative

• Fair

• Favorable Prices

• Federated Cooperative

• Fixed Assets

• Free Rider

• Gross Margin

• Hired Management

• Horizontal Integration

• Incorporating

• Integration

• International Cooperative

• Interregional and National Cooperatives

• Investor-Oriented Firm (IOF)

• IOF

• Joint Venture

• Liabilities

• Local Cooperative

• Local Margin

• Long-Term Liabilities

• Marketing-Agency-in-Common

• Marketing Agreement

• Marketing Board

• Marketing Contract

• Marketing Cooperative

• Marketing Order

• Member

• Membership Agreement

• Membership Certificate

• Membership Fee

• Merger

• Needed Equity

• Net Income

• Net Savings

• New Generation Cooperative

• Noncash Refund

• Noncooperative

• Nonexempt Cooperative

• Nonpatronage Income

• Nonprofit Association

• Nonqualified Allocation

• Nonsection 521 Cooperative

• Nonstock Cooperative

• Officers

• Open Membership

• Operating Statement

• Other Assets

• Outside Director

• Overinvested

• Partnership

• Patron

• Patron Consent

• Patronage Refund

• Percentage of all Equities Plan

• Per-Unit Capital Retain

• Pooling

• Preferred Stock

• Producers

• Proxy Voting

• Purchasing Cooperative

• Qualified Allocation

• Qualified Check

• Qualified Written Notice of Allocation

• Regional Cooperative

• Reserve

• Retain

• Retained Patronage

• Retained Patronage Refunds

• Revolving Fund Plan

• Section 521 Cooperative

• Service Cooperative

• Sherman Antitrust Act

• Sole Proprietorship (compared to cooperatives)

• Spatial Monopolist

• Special Situation Plan

• Statement of Changes in Financial Position

• Statement of Cash Flow

• Stock or Share

• Subchapter T

• Supply Cooperative

• Targeted Base Capital Plan

• Total Net Margin

• Unallocated Equity

• Unallocated Reserves

• Underinvested

• Vertical Integration

• Worker-Owned Cooperative

• Working Capital (for cooperatives)

• Written Notice of Allocation

Sources

Cobia, David, 1989, Cooperatives in Agriculture, Prentice-Hall, Inc, Englewood Cliffs, NJ.

Cropp, Robert, 2005, A Glossary for Cooperatives, University of Wisconsin Center for Cooperatives, Madison. www.uwcc.wisc.edu/info/uwcc_bulletins/bulletin_11_05.pdf

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