Pathways to Pregnancy and Parturition, 2nd Ed: Figure 14-3B

The cotyledonary placenta is characterized by numerous “button-like” structures distributed across the surface of the chorion.  These are called fetal cotyledons.  When they join with the maternal caruncle they form a placentome.  A convex cotyledon becomes covered with the chorion.  Many finger-like villi (red) originating from the chorionic tissue protrude toward the lumen of the uterus.  In the concave cotyledon, the chorionic tissue pushes inward, forming a concave interface between the chorion and the maternal caruncle.