Mutual Company

Mutual Company
A private company whose ownership base is made of customers. Also referred to as a "co-operative".

Very common in the insurance industry, mutual companies have account holders who receive distributions based upon the extent of their exposure and business with the company.

Some example of mutual companies outside of the insurance business are the Federal Savings and Loan Association and the many banking trusts and community banks found in localities around Canada and America.

Investment dictionary. . 2012.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • mutual company — see company Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. mutual company …   Law dictionary

  • mutual company — A corporation that is owned by a group of members and that distributes income in proportion to the amount of business that members do with the company. Bloomberg Financial Dictionary * * * mutual company mutual company ➔ company …   Financial and business terms

  • mutual company — company that does not have stock capital, company whose profits are divided among its holders according to the percentage of their investment …   English contemporary dictionary

  • mutual company — / mju:tʃuəl ˌkʌmp(ə)ni/ noun same as mutual insurance company …   Dictionary of banking and finance

  • mutual company — Synonyms and related words: accident insurance, actuary, annuity, assurance, aviation insurance, bail bond, bond, business life insurance, casualty insurance, certificate of insurance, court bond, credit insurance, credit life insurance,… …   Moby Thesaurus

  • MUTUAL COMPANY — компания, прибыль которой распределена в пропорции с размерами бизнеса, который каждый участник делает с компанией; …   Глоссарий финансовых и биржевых терминов

  • Mutual of Omaha — Insurance Company Type Mutual company Industry Finance, Insurance Founded 1909 …   Wikipedia

  • Mutual of America — Life Insurance Company Type Mutual Industry Insurance: Life Founded 1945 …   Wikipedia

  • mutual — mu‧tu‧al [ˈmjuːtʆuəl] adjective [only before a noun] FINANCE relating to financial institutions, for example some insurance companies and, in Britain, building, where there are no shareholders but where investors receive their share of profits in …   Financial and business terms

  • Mutual insurance — A mutual insurance company is an insurance company which has no shareholders but instead is owned entirely by its policyholders. The primary form of financial business set up as a mutual company in the United States has been mutual insurance.… …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”