Meaning of “friendly society” in the English Dictionary

british dictionary

(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 members pay amounts of money regularly over a long period 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)