Raiffeisen

Definition of Raiffeisen

Raif´fei`sen   Pronunciation: rīf´ī`z'n
a.1.(Economics) Designating, or pertaining to, a form of coöperative 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.
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