The word cooperative is also used to describe a non-share capital co-op model in which fee-paying members obtain the right to occupy a bedroom and share the communal resources of a house that is owned by a cooperative organization.
Definition of customer loyalty. Customer loyalty can be said to have occurred if people choose to use a particular shop or buy one particular product, rather than use other shops or buy products made by other companies.
Customers display a strong degree of brand loyalty by insisting on our products and accepting no substitute. Loyalty is displayed by the customers of a store or chain if they visit more often and spend more money at that store or chain than they do at its competitors. loyalty card Collins English Dictionary.