Raiffeisen

enUK

Raif´fei`sen

(rīf´ī`z'n)
a.1.(Economics) Designating, or pertaining to, a form of coöperative bank founded among the German agrarian population by Friedrich Wilhelm Raiffeisen (1818-88); as, Raiffeisen banks, the Raiffeisen system, etc. The banks are unlimited-liability institutions making small loans at a low rate of interest, for a designated purpose, to worthy members only.