What is an example of a patronage?
Patronage is customers or the financial support from customers or guests. An example of patronage is all of the customers at a deli. An example of patronage is money received by a hotel during a convention. The act of distributing or appointing people to such positions.
What does it mean to pay patronage?
Patronage dividends are those distributions of profits paid by a co-operative to their owners. Patronage dividends are paid based on a portion of the profit the business makes. The exact dividend each member receives is based on how much they used the co-op’s services or how much in products they purchased.
What is the meaning of Petron?
1a : a person chosen, named, or honored as a special guardian, protector, or supporter a patron of the arts. b : a wealthy or influential supporter of an artist or writer … the unspoken contract between artist and patron …—
What Patronship means?
patronship (countable and uncountable, plural patronships) (uncommon) Patronage, the act or especially the formalized state of being a backer or supporter (of something).
What is patronage in business?
noun. the financial support or business provided to a store, hotel, or the like, by customers, clients, or paying guests. patrons collectively; clientele. the control of or power to make appointments to government jobs or the power to grant other political favors. offices, jobs, or other favors so controlled.
What is non patronage?
Non-qualified patronage distributions do not meet the Internal Revenue Code requirements to be considered a qualified patronage distribution, typically because less than 20 percent of the total distribution is paid in cash.
Can a woman be called a patron?
The female equivalent of patron is ‘patroness’ but like a lot of these gender-specific words it is being used less and less often. ‘Actress’ is another example: most women who act now prefer to be called ‘actors’. in the English language ‘patron’ is gender-neutral.
Who sold Petron Philippines?
In 1994, PNOC and Saudi Aramco signed a stock purchase agreement that gave Aramco 40% ownership of Petron. In the same year, 20% of PNOC shares were sold in what was dubbed as the “mother of all initial public offerings (IPOs)” in the Philippines.
Can a woman be a patron?
A patron saint. A female patron. A woman who sponsors or supports a given activity, person etc.; a female patron.
What type of word is patronage?
patronage used as a noun: The act of providing approval and support; backing; championship. “His vigorous patronage of the conservatives got him in trouble with progressives.” Customers collectively; clientele; business. “The restaurant had an upper class patronage.”
What is a qualified patronage refund?
A qualified patronage refund is one in which at least 20 percent is paid in cash and the remainder in stock or qualified allocated surplus.