Business / Taxes / Mutual Company: A mutual company is a privately held company owned by its policyholders, depositors, or other customers. A share of the profits is distributed as dividends, allocated in proportion to the amount of business each customer does with the company. Insurance companies, federal savings and loan associations, and savings banks are examples of mutual companies, although each type operates somewhat differently.
Company Noun Synonyms: companionship, society, fellowship, attendance, presence, associates, friends, companions, comrades
Mutual Verb Synonyms: reciprocal, reciprocated, requited, interactive, complementary
Business / Real Estate / Mutual Mortgage Insurance: Insurance premiums and other specified FHA revenues are paid into one of four FHA funds. Losses due to foreclosure are met from these funds. MORE
Business / Accounting / Mutual Funds: Investment companies that pool money from shareholders and invest in a variety of securities, including stocks, bonds, and short-term money market assets. MORE