Mutual company

mutual company
corporation whose ownership and prof its are distributed among members in proportion to the amount of business they do with the company.

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Mutual company
A company that has no shares, but is owned by policyholders or members. Examples include building societies, friendly societies or co-operatives.
Mutual fund
The US equivalent of a unit trust.

Mutual company
A mutual company is a privately held company owned by its policyholders, depositors, or other customers.

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.

Mutual Company - A company without stockholders or capital stock. All risks and all profits are the property of the policyholders. Mutual companies are prevalent in the property and casualty insurance industry.

Mutual Company (business term)
Savings Association Insurance Fund (SAIF) (in banking)
Office of Thrift Supervision (OTS) (finance term) ...

The insurer-whether a corporation with diversified ownership or a mutual company made up of the insureds themselves-is able to offer such protection against financial loss by pooling the risks from a large group of similarly situated individuals or ...

A process in which a mutual company, owned by its members, converts to a public stock company (owned by its shareholders).
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The process of converting a mutual company owned by its voting policyholders to a stock corporation owned by its shareholders.
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A savings and loan association organized as a cooperative, with members purchasing shares, voting on association affairs, and receiving income in the form of dividends.
Mutual company ...

Mutual Company
See mutual organisation....(Read more)
Mutual Fund
A collective investment scheme operated by an investment company that enables small private investors to invest in a diversified portfolio o...(Read more) ...

mutual company A firm whose profits are distributed proportionately to the amount of business each participant does with the firm. mutual exclusion doctrine A doctrine stipulating that interest earned on federal debt will not be taxed...

See also: Expense, Acquisitions, Mergers, Saving, Banks