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  5. Friendly Society

Friendly Society

Definition of 'Friendly Society'

A mutual (co-operative) organisation involved in saving and lending.

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Related Terms

DemutualisationAsset Lock-UpFriendly MergersAllocational of CapitalBancassuranceBuilding and Loan AssociationBuilding SocietyCorporate GovernanceFrictional UnemploymentMerit BadsMerit GoodsPrimary InvestorsPublic GoodsVenture Capital

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