Definition, Meaning & Synonyms
montepio
Noun
/mɒn.tɛˈpi.oʊ/
Definition
A type of mutual benefit society or fund used for financial assistance, often in the context of social security.
Examples
- The employees joined a montepio that offered retirement benefits.
- He relied on the montepio for financial support after losing his job.
Meaning
Montepio can refer to an organization that provides assistance, usually in the form of pensions or welfare, to its members, often formed to offer support among workers or families.
Synonyms
- Mutual aid society
- Benefit fund
- Support group