friendly society

English - Turkish

Definition of friendly society in English Turkish dictionary

Yardımlaşma Derneği

(Politika, Siyaset) hayır cemiyeti

English - English

Definition of friendly society in English English dictionary

benefit society, non-profit organization

A friendly society is an organization to which people regularly pay small amounts of money and which then gives them money when they retire or when they are ill. an association in Britain that people regularly pay small amounts of money to, which then provides them with money when they become old or ill. Mutual aid organization formed voluntarily by individuals to protect members against debts incurred through illness, death, or old age. Friendly societies arose in 17th-and 18th-century Europe and England and became most numerous in the 19th century. They trace their roots to the burial societies of Greek and Roman artisans and the guilds of medieval Europe. In attempting to define the magnitude of the risk against which they guarded and to determine how much members should contribute to meet that risk, friendly societies used what is now the basic principle of insurance

Hyphenation

friend·ly so·ci·e·ty

Turkish pronunciation

frendli sısayıti

Pronunciation

/ˈfrendlē səˈsīətē/ /ˈfrɛndliː səˈsaɪətiː/