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From: Webster's Revised Unabridged Dictionary (1913)

 Co·öp·er·a·tive a. Operating jointly to the same end.
 Cooperative society, a society established on the principle of a joint-stock association, for the production of commodities, or their purchase and distribution for consumption, or for the borrowing and lending of capital among its members.
 Cooperative store, a store established by a cooperative society, where the members make their purchases and share in the profits or losses.