A corporation that owns housing units and whose tenants purchase shares in the corporation equivalent to the value of their housing unit.
Cooperative apartment
Apartment building in which each resident owns a percentage share of the corporation that owns the building. Also called a co-op.
Cooperative corporation
Business trust, which holds the title to a cooperative residential building and grants occupancy rights to shareholders in the corporation.
Cooperative mortgage
A loan related to a cooperative residential property.
Cooperative project
A project where a corporation holds title and sells shares representing individual units to a buyer, who then receive a proprietary lease, rather than a deed, as title is given in a condominium.
Cope
To cut to fit over or against a coping or molding with curves.
Coped joint
Joints that have two pieces purposely cut to fit together.
Copestone
(1) The top stone of a wall or building. (2) Stone used in or for a coping
Coping
(1) Top layer of a masonry wall that is usually sloped to carry off water. (2) To shape a member, by cutting, to fit snugly against another member.
Coping joint
The intersection of a roof slope and an exterior vertical wall.
