Based on the principle of mutuality in sharing both burdens and benefits: as, a mutual insurance company. Reciprocally given and received; pertaining alike or reciprocally to both sides; interchanged: as, mutual love; to entertain a mutual aversion. Equally relating to or affecting two or more ...
mutual insurance: An insurance system in which the insured persons become company members, each paying specified amounts into a common fund from which members are entitled to indemnification in case of loss.
having or pertaining to a form of corporate organization in which there are no stockholders, and in which profits, losses, expenses, etc., are shared by members in proportion to the business each transacts with the company:mutual insurance. ...
A mutual company, also known as a mutual insurance company, is an insurance organization that is owned by its policyholders. Unlike publicly traded companies that have shareholders, a mutual company’s ownership is fundamentally different. Policyholders of a mutual company are considered members, and...
The meaning of MUTUAL is directed by each toward the other or the others. How to use mutual in a sentence.
If a building society or an insurance company has mutual status, it is not owned by shareholders but by its customers, who receive a share of the profits. mutual在线翻译 e.g. Britain's third largest building society abandoned its mutual status and became a bank. ...
The meaning of MUTUAL is directed by each toward the other or the others. How to use mutual in a sentence.
Definition of Mutual Assent in the Financial Dictionary - by Free online English dictionary and encyclopedia. What is Mutual Assent? Meaning of Mutual Assent as a finance term. What does Mutual Assent mean in finance?
mutual fund company mutual inductance mutual induction mutual insurance Mutual insurance company mutual opposition mutual resemblance mutual savings bank mutual support mutual understanding mutualism mutualist mutuality mutualize mutually mutually beneficial Mutually equiangular Mutually equilateral mutually exclusive mut...