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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.

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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.