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.
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A mutual company is owned by its policyholders, who share in the profits and losses of the company.
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I heard that the insurance company down the street is a mutual company.
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My cousin works for a mutual company and he says it's pretty chill.
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In a way, a mutual company is like a big family where everyone has a stake in its success.