From Longman Business Dictionaryco-operative societyco-ˌoperative soˈciety noun (plural co-operative societies) [countable]COMMERCEORGANIZATIONS another name for a CO-OPERATIVEco-operative societyco-ˈoperative soˌciety (also cooperative society) [countable]FINANCEORGANIZATIONS in Britain, an organization run by a group of people whose aim is to give benefits to its members, rather than to make a profitSYNCO-OPERATIVE → society