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TITLE AND DEFINITIONS Flashcards

TO MEMORIZE

1
Q

shall refer to any process or procedure used to resolve a dispute or controversy.

A

*ALTERNATIVE DISPUTE RESOLUTION

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2
Q

shall refer to the person appointed to render Award/Decision.

A

*ARBITRATOR

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3
Q

shall refer to the principal place of business of cooperative.

A

AREA OF BUSINESS OPERATION

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4
Q

shall refer to the area where cooperative members come from provided for in their Articles of Cooperation and By-Laws.

A

*AREA OF OPERATION

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5
Q

shall refer to the Articles of Cooperation registered under the Code.

A

ARTICLES OF COOPERATION-

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6
Q

shall refer to the member of cooperative who has no right to vote or be voted upon shall be entitled only to such rights and privileges as the By-laws may provide.

A

ASSOCIATE MEMBER-

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7
Q

shall refer to the Cooperative Development Authority (CDA).

A

AUTHORITY-

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8
Q

shall refer to the capitalization of the cooperative as prescribed in the Articles of Cooperation.

A

*AUTHORIZED SHARE CAPITAL-

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9
Q

shall refer to any partial of final decision by Arbitrator is resolving issue in a controversy.

A

AWARD/DECISION

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10
Q

shall refer by the Board of Directors or General Assembly that shall cause the liquidation of the cooperative.

A

*BOARD OF LIQUIDATOR/TRUSTEES

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11
Q

shall refer to the conditions where members associate themselves to attain common goals and objectives which may either residential, occupational, associational, and Institutional.

A

BOND OF MEMBERSHIP-

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12
Q

shall refers to the By-Laws registered under the code which includes any registered amendments thereto.

A

*BY-LAWS

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13
Q
  • shall refer to the document issued by the Authority evidencing registration merger.
A

CERTIFICATE OF MERGER

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13
Q

shall refer to the sum total of member’s share capital including deposits, revolving capital subsides, donations, legacies, grants, aids, etc.

A

*CAPITAL

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14
Q
  • shall refer to the Republic Act No. 9520, Otherwise, known as the Philippine Cooperative Code 2008. (15)
A

CODE

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15
Q

shall refer to the process whereby neutral third party.

A

*CONCILIATION

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16
Q
  • shall refer to any person appointed by the authority empowered to take charge of assets, liabilities, and the management of the cooperative.
A

*CONSERVATOR

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17
Q
  • shall refers to the union of two or more existing cooperatives belonging to the same category to form new cooperative called consolidated cooperative.
A

*CONSOLIDATION

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18
Q
  • shall refer to two or more cooperatives which are parties to merger or consolidation.
A

*CONSTITUENT COOPERATIVES

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19
Q

shall refer to one promotes and undertakes savings and lending services among its members.

A

*CREDIT COOPERATIVE

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20
Q
  • shall refer to the interest due to a member that must be added to in the future interest if it is not paid when due.
A

*CUMULATIVE INTEREST

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21
Q

shall refer to the failure of the cooperatives to submit report on time.

A

*DELAY IN SUBISSION REPORTS

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22
Q

shall refer to intra/inter cooperative controversy or grievance from any violation or disagreement over any provisions including any violations of the right and conditions of membership provided in the cooperative By-laws.

A

*DISPUTE

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23
Q

shall refer to a member present during the meeting and who actually voted against the proposed activity/project of cooperative.

A

*DISSENTING MEMBER

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24
- shall refer to the act of spiting a single cooperative into two or more cooperatives.
*DIVISION
25
shall refer to subsides, grants, donations, and aids received by the cooperative from any person.
*DONATED CAPITAL
26
shall refer to the right of the State to succeed to property either real or personal.
*ESCHEAT
27
- shall refer to the excess of cooperative assets over liabilities.
*EQUITY
28
shall refer to the means i.e. Statement of Financial Condition.
*FINAL STATEMENT
29
shall refer to one organized for the primary purpose of engaging in saving and credit services.
*FINANCIAL SERVICE COOPERATIVE (FSC
30
shall refer to the full membership of the cooperative duly assembled for the purpose of exercising all the rights and performing all the obligations pertaining to cooperatives.
*GENERAL ASSEMBLY
31
shall refer to all system and procedures adopted to safeguard the cooperative’s assets
*INTERNAL CONTROL
32
- shall refer to duly registered cooperative to which a laboratory cooperative is affiliated with.
*GUARDIAN COOPERATIVE
33
shall refer to the termination of the juridical personality of the cooperative through an appropriate judicial proceeding or by ORDER OF THE ATHORITY.
*INVOLUNTARY DISSOLUTION-
34
- shall refer to cooperative duly recognized by the authority, formed and managed principally by minors and is affiliated with another registered cooperative which is called the guardian cooperative.
*LABORATORY COOPERATIVE
35
shall refer to the process of settlement and closure of the cooperative affairs.
*LIQUIDATION
36
- shall refer to the process in which mediator, selected by disputing parties.
*MEDIATION
37
shall refer to individual below 18 years old at least 7 years old
*MINOR
38
shall refer to a union of two or more existing cooperatives belonging to the same category.
*MERGER
39
shall refer to the portion of subscribed share capital, which has been paid by the members of the cooperative.
*PALD-UP SHARE CAPITAL
39
- shall refer to a cooperative, which combines 2 or more of the business activities.
*MULTIPURPOSE COOPERATIVE
39
shall refer to the equity inclusive of member’s equity, donations, grants.
*NET WORTH-
40
- shall refer to a cooperative whose membership are large number and geographically scattered/distributed by reason of geographical location.
*NUMEROUS AND DISPERED MEMBERSHIP-
41
shall refer to cooperative which initiates the organizational of another cooperative called subsidiary cooperative.
*PARENT COOPERATIVE
42
- shall refer to the amount returned to individual member who patronized the goods and services of the cooperative portion to their individual patronage.
*PATRONAGE REFUND
43
shall refer to written document containing the proposed merger or consolidation of cooperatives duly approves by General Assembly.
*PLAN OF MERGER OR CONSOLIDATION-
44
shall refer to any person recognized competence appointed by the Authority empowered to take charge of all assets and liabilities of the cooperative administer.
*RECEIVER-
45
- shall refer to the operative act gaining juridical personality to proposed cooperative as evidence by a Certificate of Registration.
*REGISTRATION
46
shall refer to the full membership of the body of representatives elected by each sector.
*REPRESENTATIVE ASSEMBLY-
47
shall refer to a member duly elected during the sector. Chapter, or district meeting who shall present his/her sector.
*REPRESENTATIVE/DELEGATE
48
shall refer to any documents or statement required from cooperatives to be submitted to the Authority on a regular basis.
*REPORTS
49
shall refer to the amount available out of the deferred payment of the patronage refund.
*REVOLVING CAPITAL
50
shall refer to the total assets minus cash on hand.
*RISK ASSETS
51
shall refer to the penalties
*SANCTIONS
52
shall refer to the cooperative members of which are primary.
*SECONDARY COOPERATIVE
53
shall refer to any compromise or arrangements between disputant to settle matters.
*SETTLEMENT
53
- shall refer to division of cooperative, which may be by reason of geographical location, scope of operation, cluster, etc.
*SECTOR, CHAPTER OR DISTRICT
54
shall refer to the written agreement signed by disputing parties to submit the dispute to voluntary arbitration.
*SUBMISSION AGREEMENT
54
shall refer to the money paid or required to be paid by the members for the deduct of the operations of the cooperative.
*SHARE CAPITAL
55
shall refer to the election of the representatives—in different days and/or at various venues.
*SEQUENTIAL ELECTION OF REPRESENTATIVE/DELEGATE-
56
shall refer to the election of the representatives—on the same day at various venues.
*SIMULTANEOUS ELECTION OF REPRESENTATIVE/DELEGATE
57
shall prefer to any organization all or minority of whose membership or shareholders come from a cooperative called parent cooperative.
*SUBSIDIARY COOPERATIVE
57
shall refer to a cooperative member which are secondary cooperative.
*TERTIARY COOPERATIVE
57
- shall refer to the some total of the average share month, which is determined by adding the monthly ending balances of the member’s share capital.
*TOTAL AVERAGE SHARE MONTH-
58
- shall refer to the subscribed share capital, which is not fully paid by a member.
*UNPAID SUBSCRIPTION
59
shall refer to any authorized employee of the Authority or an accredited private individual chosen by the parties to hear, decide, render an award in dispute.
*VOLUNTARY ARBITRATOR/S
59
shall refer to termination of the juridical personality of cooperative OWN INITIATIVE or instance after complying with the requirements.
*VOLUNTARY DISSOLUTION
59
- shall refer to dispute resolution process wherein any intra/inter cooperative dispute is settle by voluntary arbitrators/s.
*VOLUTARY ARBITRATION

KOOP (16 decks)

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