mutual company

mutual company definition - business

mutual company

A company owned by its customers rather than by a separate group of stockholders. Many mutual thrifts and insurance companies converted to stock companies, which allowed them to raise funds in the capital markets. Compare stock company.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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