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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 members pay small amounts of money over a long period so that when they are ill or old they will receive money 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 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)
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