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100 Words Every Co-op Member Should Know

May 13, 2026

100 Words Every Co-op Member Should Know

No. Item Definition
1. accountability being responsible for actions
2. adjourn to end a meeting
3. adopt to formally accept
4. agenda list of items for a meeting
5. amend to change formally
6. approve to officially accept or authorize
7. asset something valuable the co-op owns
8. audit official review of financial records
9. ballot method or paper for voting
10. benefit advantage provided to members
11. board the group overseeing the organization
12. budget plan for income and spending
13. bylaws rules governing the organization
14. capital money used to operate or grow
15. cash flow movement of money in and out
16. chair person leading a meeting
17. charter founding document or grant
18. co-op a business owned by its members
19. committee a smaller working group
20. consensus general agreement among participants
21. cooperation working together toward shared goals
22. credit money available or owed back
23. debit money taken from an account
24. delivery bringing goods to a destination
25. director board member with oversight duties
26. discount reduced price
27. dividend payment distributed from earnings
28. dues regular fees paid by members
29. elect to choose someone by voting
30. eligibility qualification to participate
31. emergency serious urgent situation
32. equity ownership value held by members
33. evacuation organized leaving of a place
34. expense cost paid by the business
35. expiry end of safe use period
36. fair trade trade with fair producer standards
37. feedback helpful response or evaluation
38. governance system of oversight and control
39. grievance formal complaint about unfair treatment
40. handbook manual of rules and guidance
41. incident unexpected event, often harmful
42. inclusion practice of welcoming everyone
43. insurance protection against financial loss
44. interest cost of borrowing money
45. inventory goods kept for sale
46. invoice bill requesting payment
47. label tag giving product information
48. ledger book or file of accounts
49. liability debt or financial obligation
50. loan money borrowed and repaid later
51. majority more than half
52. mediation help resolving a dispute
53. meeting a gathering for discussion or decisions
54. member a person belonging to the co-op
55. membership state of belonging to a group
56. minutes official written meeting notes
57. mission core purpose of the organization
58. motion a formal proposal for action
59. newsletter regular informational publication
60. nominate to formally propose a candidate
61. notice formal announcement or warning
62. officer person holding an official role
63. order request for goods or services
64. orientation introductory guidance for newcomers
65. outreach effort to connect with people
66. ownership legal possession or control
67. participation taking part in activities
68. patronage member use tied to benefits
69. perishable likely to spoil quickly
70. policy guiding rule or principle
71. pricing setting amounts charged for goods
72. produce fresh fruits and vegetables
73. proxy authority to vote for another
74. purchase to buy something
75. quality degree of excellence or standard
76. quorum minimum attendance for valid business
77. ratify to approve officially
78. receipt proof that payment was made
79. recycle process for reusing materials
80. refund money returned after payment
81. renewal continuation for another term
82. reserve funds kept for future needs
83. resolution formal decision or statement
84. revenue money coming into the business
85. second support for considering a motion
86. secretary officer keeping records
87. share a unit of ownership
88. shift scheduled work period
89. shipment goods sent together
90. supplier business providing goods or services
91. surplus amount left after costs
92. sustainable able to continue with low harm
93. tax required payment to government
94. training instruction for skills or duties
95. transparency openness in decisions and records
96. treasurer officer managing finances
97. vendor seller of goods or services
98. volunteer person offering unpaid help
99. vote to choose by formal decision
100. warehouse place where goods are stored
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