Mutual company

Mutual company,

Definition of Mutual company:

  1. A mutual company is a private firm that is owned by its customers or policyholders. The company's customers are also its owners. As such, they are entitled to receive a share of the profits generated by the mutual company.

  2. The distribution of profits is typically made in the form of dividends paid on a pro rata basis, based on the amount of business each customer conducts with the mutual company. Alternately, some mutual companies choose to use their profits to reduce members' premiums.

  3. Firm (such as a mutual insurance company) established for the benefit of its shareholders who are called members, and receive the firms profits as dividends in proportion to the amount of business they do with the firm.

How to use Mutual company in a sentence?

  1. A mutual company is owned by its customers, who share in the profits.
  2. Each policyholder is entitled to a share of the profits, paid as a dividend or a reduced premium price.
  3. They are most often insurance companies.

Meaning of Mutual company & Mutual company Definition

Mutual Company,

What Does Mutual Company Mean?

  1. Mutual Company means, Owned by companies and managed by policyholders. Every insured employer, every insured person owns it.

  2. Mutual Company means, Mutual companies are private companies owned or insured by their clients. The company's customers also own it. As such, they deserve a number of mutual benefits.

    • The joint venture is owned by the customer, who shares in the profits.
    • Most of them are insurance companies.
    • Every insured person is entitled to a portion of the income paid in the form of profit or premium discount.

  3. A simple definition of Mutual Company is: A kind of organization, business, etc. It is owned by its members and has no stake in it. Members usually receive a share of the profits.

Literal Meanings of Mutual Company

Mutual:

Meanings of Mutual:
  1. (Feelings or actions) is experienced by one or the other party through one or two parties.

  2. Organized simultaneously by two or more parties.

Sentences of Mutual
  1. Partnerships based on mutual respect and understanding

  2. A friend introduced us

Synonyms of Mutual

reciprocal, reciprocated, requited, returned, give-and-take, interchangeable, interactive, complementary, correlative

Company:

Meanings of Company:
  1. Business enterprise

  2. Facts or situations with other people, especially in a way that brings friendship and fun.

  3. Some people get together, mostly for a purpose.

  4. Central Intelligence Agency.

  5. Form a team to accompany you.

Sentences of Company
  1. A transport company

  2. I can use the company

  3. These are the people who have been with us at the moment

Synonyms of Company

firm, business, corporation, house, establishment, agency, office, bureau, institution, organization, operation, concern, enterprise, venture, undertaking, practice, companionship, presence, friendship, fellowship, closeness, amity, camaraderie, comradeship, group

Mutual Company,

Mutual Company:

  1. A simple definition of Mutual Company is: A company that is established and run for policyholders. Every offer made by the company is an insured, every insured is a quote.

  2. Respect is a private company managed by its clients or policyholders. The company's customers also have this offer. Thus, they are entitled to some mutual benefits.

    • Mutual cooperation is managed by your customers and benefits are shared.
    • Most of them are insurance companies.
    • Each policyholder receives a share of the profits, which is paid in the form of a profit or a lower premium. And.

  3. Mutual Company definition is: Type of organization, company, etc. It is managed by members and has no shareholders. Members usually share in the profits.

Literal Meanings of Mutual Company

Mutual:

Meanings of Mutual:
  1. (Emotions or actions) Experience or practice in relation to one of two or more parties.

  2. Two or more parties came to the conclusion together.

  3. Joint construction company or insurance company

Sentences of Mutual
  1. A mutual friend introduced us.

  2. Life insurance is jointly and owned by their policyholders.

Synonyms of Mutual

common, joint, shared

Company:

Meanings of Company:
  1. Facts or situations with other people, especially in a way that brings friendship and happiness.

  2. Herd of ducks

  3. Partners with the community.

Sentences of Company
  1. I really like your company.

  2. The mayor addressed the meeting.

  3. Sometimes there are thousands of birds whistling ducks.

Synonyms of Company

combine, association, syndicate, conglomerate, set-up, multiple, consortium, society, chain, outfit, multinational