A corporation that is owned by a group of members and that distributes income in proportion to the amount of business that members do with the company. Found on http://www.duke.edu/~charvey/Classes/wpg/bfglosm.htm
A type of organisation, business, etc., which is owned by members and has no shareholders. The members usually have a share of the profits Found on http://www.encyclo.co.uk/local/22643