Definition: A multiunit project consisting of individual dwelling units owned by the corporation. The individual apartment tenants own stock in the corporation rather than owning their respective units.
Pronunciation: \kō-ˈä-p(ə-)rə-tiv, -ˈä-pə-ˌrā-\
Used in a Sentence: Cooperative buildings are not as popular in this area as they are in the Northeast.
