Montepío in english
Montepío
pronunciation: mɑntepoʊ part of speech: none
pronunciation: mɑntepoʊ part of speech: none
In gestures
montepío = friendly society ; provident society ; mutual benefit society.
Example: The origins of this institution -- part trade union, part friendly society, and part social club -- are obscure, but chapels were well established by the mid sixteenth century in the larger continental shops.Example: Wilson thought that most of these objectives were unattainable by provident societies, since they were governed by people of various religious denominations.Example: Most mutual benefit societies formed to provide financial assistance for members who were unable to work because of illness, funeral and burial expenses, pensions for widows and orphans, and low-interest loans.