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Meaning of “friendly society” in the English Dictionary

"friendly society" in British English

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friendly societynoun [C]

uk   /ˈfrend.li səˌsaɪ.ə.ti/  us   /ˈfrend.li səˌsaɪ.ə.t̬i/ UK
in ​Britain, an ​organization to which ​memberspaysmallamounts of ​money over a ​longperiod so that when they are ​ill or ​old they will ​receivemoney back
(Definition of friendly society from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"friendly society" in Business English

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friendly societynoun [C]

uk   us   (plural friendly societies)
FINANCE in the UK, an ​organization to which ​memberspayamounts of ​moneyregularly over a ​longperiod so that when they are ill or old they will receive ​money back
(Definition of friendly society from the Cambridge Business English Dictionary © Cambridge University Press)
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