Printer Friendly
Dictionary, Encyclopedia and Thesaurus - The Free Dictionary
3,898,866,326 visitors served.
forum Join the Word of the Day Mailing List For webmasters
?
Dictionary/
thesaurus
Medical
dictionary
Legal
dictionary
Financial
dictionary
Acronyms
 
Idioms
Encyclopedia
Wikipedia
encyclopedia
?

Mutual Company
(redirected from Mutual Companies)

   Also found in: Legal 0.02 sec.
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 structure in which the company's owners are also its clients. That is, the mutual company's profits are distributed to its participating customers each year in proportion to their individual exposures to the company. Many insurance companies are structured as mutual companies, meaning that policyholders have the right to receive portions of the company's profits, and often may elect the company's management. Savings & loan associations are also common structured as mutual companies.

mutual company
A company owned by its customers rather than by a separate group of stockholders. Many thrifts and insurance companies (for example, Metropolitan and Prudential) are mutual companies. Compare stock company.

Mutual company. A mutual company is a privately held company owned by its policyholders, depositors, or other customers. A share of the profits is distributed as dividends, allocated in proportion to the amount of business each customer does with the company.

Insurance companies, federal savings and loan associations, and savings banks are examples of mutual companies, although each type operates somewhat differently.



Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content.
?Page tools
Printer friendly
Cite / link
Feedback
Add definition
Mentioned in?  References in periodicals archive?   Financial browser?   Full browser?
 
John Dunn, Director of Business Development at Priority Data said, "We believe that our carrier customized Agent Rating platform is a great fit for township mutual companies and look forward to working with more in the future.
During the meeting, both sides underlined the importance of developing cooperation in the fields of economy, trade, increasing bilateral investment projects and upgrading the performance of the mutual companies in both countries.
However, as a result of the growth of independent agents, proliferation of new products and other fundamental changes in the industry, as well as the rampant demutualization/consolidation within the mutual sector, mutual companies represented only 16% of the life insurance industry's assets as of Dec.
 
 
 
Financial Dictionary
?

Terms of Use | Privacy policy | Feedback | Advertise with Us | Copyright © 2012 Farlex, Inc.
Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.