Meaning of “friendly society” in the English Dictionary

business-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

Examples from literature

  • Friendly societies and trade unions have their badges, banners, and buttons. 
  • Friendly societies have largely taken to investing their surplus funds in loans to members on the building society principle. 
  • With this intention, he established two friendly societies in the place, and afterwards a local bank for the savings of the industrious. 

(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)