RAIFFEISEN

Raif"fei`sen, a. (Economics)

Definition: 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.

Source: Webster’s Unabridged Dictionary 1913 Edition



RESET




Word of the Day

20 April 2025

SALAD

(noun) food mixtures either arranged on a plate or tossed and served with a moist dressing; usually consisting of or including greens


coffee icon

Coffee Trivia

Contrary to popular belief, coffee beans are not technically beans. They are referred to as such because of their resemblance to legumes. A coffee bean is a seed of the Coffea plant and the source for coffee. It is the pit inside the red or purple fruit, often referred to as a cherry. Just like ordinary cherries, the coffee fruit is also a so-called stone fruit.

coffee icon