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friendly society

Word family
Related topics: Organizations, Insurance
ˈfriendly soˌciety noun [countableC]  
SSOBFIan association in Britain that people regularly pay small amounts of money to, which then provides them with money when they become old or ill 〔英国〕互济会,互助会,互助储金会
Examples from the Corpus
From Longman Business Dictionary
friendly societyˈfriendly soˌciety [countableC]FINANCEORGANIZATIONS
an organization whose members pay money into a FUND that is used to help them if they become sick or lose their job, or when they become old. REGISTERED friendly societies are able to borrow money at reduced interest rates or receive a higher rate on money they invest
The Loyal Standard Association operated as a friendly society for sick, injured and elderly seamen.
society
ˈfriendly soˌciety noun
Chinese
Syllable
Corpus

See also: friendly society

friendly society
Investing and investments: annuity, arbitrage, blue chip...

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