Mutual Company

Pronunciation: /ˈmjuːtʃuəl ˈkʌmpəni/

Definitions of mutual company

noun A mutual company is a type of company that is owned by its policyholders or customers, who are also entitled to receive dividends or other benefits based on the company's profits.

Example Sentences

A1 A mutual company is owned by its policyholders.

A2 I learned about the concept of a mutual company in my business class.

B1 Investing in a mutual company can provide long-term financial stability.

B2 The mutual company's board of directors is elected by the policyholders.

C1 The mutual company's annual report highlighted its strong financial performance.

C2 As a policyholder of the mutual company, I have voting rights in important decisions.

Examples of mutual company in a Sentence

formal A mutual company is owned by its policyholders, who share in the profits and losses of the company.

informal I heard that the insurance company down the street is a mutual company.

slang My cousin works for a mutual company and he says it's pretty chill.

figurative In a way, a mutual company is like a big family where everyone has a stake in its success.

Grammatical Forms of mutual company

• plural: mutual companies
• comparative: more mutual
• superlative: most mutual
• present tense: mutual company
• future tense: will be a mutual company
• perfect tense: has been a mutual company
• continuous tense: is being a mutual company
• singular: a mutual company
• positive degree: mutual company
• infinitive: to be a mutual company
• gerund: being a mutual company
• participle: mutual company

Origin and Evolution of mutual company

First Known Use: 1601 year

Language of Origin: Latin

Story behind the word: The term 'mutual company' originated from the Latin word 'mutuus', meaning 'reciprocal' or 'interchangeable'.

Evolution of the word: Originally used to describe an insurance company owned by its policyholders, the term 'mutual company' has evolved to encompass any type of company or organization where the members have a shared interest in its success and receive mutual benefits.