Raif"fei`sen (?), a. (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.
Raif"fei`sen (?), a. (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.