Raiffeisen

1 definition found

From The Collaborative International Dictionary of English v.0.48 [gcide]:

  Raiffeisen \Raif"fei`sen\ (r[imac]f"[imac]`z'n), a. (Economics)
     Designating, or pertaining to, a form of cooperative bank
     founded among the German agrarian population by Friedrich
     Wilhelm Raiffeisen (1818-88); as, Raiffeisen banks, the
     Raiffeisen system, etc. The banks are unlimited-liability
     institutions making small loans at a low rate of interest,


     for a designated purpose, to worthy members only.
     [Webster 1913 Suppl.]