Mutual Company Definition

You are seeing definition of Mutual Company in Financial Terms Dictionary

Maybe this is not completely definition of Mutual Company but this is the best definition of Mutual Company at this time that we found. In future, this definition of Mutual Company can be modified, please visit our Financial Terms Dictionary more frequently to get latest information.

Home » Financial Terms Dictionary » Mutual Company

Definition Of Mutual Company:

Firm (such as a mutual insurance company) established for the benefit of its shareholders who are called members, and receive the firm's profits as dividends in proportion to the amount of business they do with the firm.
Other definition of Mutual Company- A private companywhose ownership base ismade of customers. Also referred to as a "co-operative".Very common in the insurance industry, mutual companies have account holderswho 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 inlocalities around Canada and America.

Other Definition Of Financial Terms:

For your more easier in looking up our financial terms dictionary, we classified definitions of financial terms in several types. Please select one type below:
Capital | Bank | Cash | Securities | Debit | Asset | All Types

Thank you for visiting Financial Dictionary website. We are conituning to upadate more Financial terms to Financial Dictionary. Please visit this website usually to get new definitions of Financial terms. We also provide some more dictionaries, you can find out as below:
Medical Dictionary | Law Dictionary | Legal Dictionary | Business Dictionary | Financial Dictionary | Computer Dictionary | Slang Dictionary