Economic Institutions

2 words in this vocabulary list

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.

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

noun a group of three people working together, especially in an administrative or managerial capacity

  • The troika of international lenders is set to review the country's economic progress.
  • The troika of friends always stick together no matter what.
  • I heard the troika of cool kids are throwing a party this weekend.
  • The troika of creativity, passion, and dedication is what drives her success.