toqus
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mutual
noun
a
financial
organization
such
as
a
building
society
or
insurance
company
that
is
owned
by
its
members
,
who
share
in
any
profits
•
After
comparing
rates
,
she
moved
her
mortgage
to
a
mutual
for
better
customer
service
.
After
comparing
rates
,
she
moved
her
mortgage
to
a
mutual
for
better
customer
service
.
•
Some
mutuals
converted
into
banks
during
the
1990s
.
Some
mutuals
converted
into
banks
during
the
1990s
.
Short
for
“
mutual
society
,”
first
attested
late
19th
century
in
British
English
.
