friendly society

a business organization which is owned by its members. Friendly societies were the forerunners of many modern Insurance Companies and BUILDING SOCIETIES. See REGISTRAR OF FRIENDLY SOCIETIES, BUILDING SOCIETIES ACT, 1986.

friendly society

an association of individuals (members) who make regular voluntary contributions into a fund upon which they can draw in times of need or to provide themselves with houses. Friendly societies were the forerunners of the modern INSURANCE SOCIETIES and BUILDING SOCIETIES. See REGISTRAR OF FRIENDLY SOCIETIES, BUILDING SOCIETIES ACT 1986.

单词	friendly society
释义	friendly society friendly society n (Banking & Finance) Brit an association of people who pay regular dues or other sums in return for old-age pensions, sickness benefits, etc. US term: benefit society Translations friendly society friendly society a business organization which is owned by its members. Friendly societies were the forerunners of many modern Insurance Companies and BUILDING SOCIETIES. See REGISTRAR OF FRIENDLY SOCIETIES, BUILDING SOCIETIES ACT, 1986. friendly society an association of individuals (members) who make regular voluntary contributions into a fund upon which they can draw in times of need or to provide themselves with houses. Friendly societies were the forerunners of the modern INSURANCE SOCIETIES and BUILDING SOCIETIES. See REGISTRAR OF FRIENDLY SOCIETIES, BUILDING SOCIETIES ACT 1986.
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