Resources > Glossary > Coop

Glossary of Notary Public, Mortgage, Signing Agent, and Loan Signing Terms.

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Common Terms 1   Common Terms 2

Coop

Phonetics: co·op    \'kō-'äp\

Function: noun

A kind of multiple ownership where the residents of a multiunit housing complex own shares in the coop or cooperative corporation that owns the property, giving each resident the right to occupy a specific apartment or unit.