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 Glossary   >   M   >   "Mutual" Definition   

        Mutual

A commercial organisation owned by its members (as opposed to being owned by shareholders). Examples are Building Societies and some life insurance companies.

Mutual
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Mutual - A commercial organisation owned by its members (as opposed to being owned by shareholders). Examples are Building Societies and some life insurance companies.


Mutual : a commercial organisation owned by its members (as opposed to being owned by shareholders). examples are building societies and some life insurance companies.