mutual
adjective [ before noun ]
uk/ˈmjuːtʃuəl/ usused to describe something that is done or felt by all or both people in a group:
by mutual agreement/consent He has now left the company by mutual agreement.
mutual benefit/advantage Firms often do business together for purposes of mutual benefit.
mutual respect/understanding/interest Ours will be a partnership based on fairness and mutual respect.
a mutual decision
FINANCE
used for describing a financial organization that is owned by its members, rather than by shareholders:
We are a mutual building society and that means we can pay good savings rates to customers instead of paying out dividends to shareholders.
mutual
noun [ C ]
FINANCE uk/ˈmjuːtʃuəl/ us (also mutual company)
a financial organization such as a building society that is owned by its members, rather than by shareholders:
Some mutuals converted to banks.
See also
demutualize