Mutual company

A company whose profits are distributed in proportion to the amount of business each participant does with the company. Examples include Federal Savings and Loan Association, state-chartered Mutual Savings Bank, and mutual Insurance companies.

Related Terms: 13 ACH, Chart, CLU, Federal Savings and Loan Association, Fed, Insurance, Inc., ITS, Loan, Mutual Savings Bank, Profit, Savings and Loan, Savings bank

Other Related Pages: Category: Insurance Starting With: M

Additional Related Terms: 10-K, ACH, Agent bank, Above par, Accrual of discount, Amortization of premium, At par, All or any part, At best, At call