What is the definition of Friendly society? | Dictionary.net

FRIENDLY SOCIETY

\fɹˈɛndli səsˈa͡ɪ͡əti], \fɹˈɛndli səsˈa‍ɪ‍əti], \f_ɹ_ˈɛ_n_d_l_i s_ə_s_ˈaɪə_t_i]\

Definitions of FRIENDLY SOCIETY

1910 - Black's Law Dictionary (2nd edition)

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In the United Kingdom, a mutual institution for savings and life INSURANCE that is owned and operated by its members; the organizational structure of the friendly society conveys certain tax advantages to the mutual owners.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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