| 释义 |
demutualization, n. Business.
Brit. |ˌdiːmjuːtʃʊəlʌɪˈzeɪʃn|, |ˌdiːmjuːtʃ(ʊ)lʌɪˈzeɪʃn|, |ˌdiːmjuːtjʊəlʌɪˈzeɪʃn|, |ˌdiːmjuːtjʊlʌɪˈzeɪʃn|, U.S. |ˈˌdimjutʃ(əw)ələˈzeɪʃ(ə)n|, |ˈˌdimjutʃ(əw)əˌlaɪˈzeɪʃ(ə)n|
Forms: 19– demutualisation, 19– demutualization
[‹ de- prefix + mutualization n.]
1. The transfer of government of an organization from its members to a small executive committee. nonce-use.
1905N.Y. Times 10 July 7/1 ‘The de-mutualization of the N.E.A.’, was the expression employed yesterday by Miss Margaret A. Haley, business manager of the Chicago Federation of Teachers, to define the proposed process of reincorporating the National Educational Association.
2. The process of converting a mutual company owned by its members (esp. a building society or other financial institution) to a public one owned by shareholders; an instance of this.
1970Jrnl. Risk & Insurance 37 522 The proposed demutualization (i.e., transformation from a mutual to a stock company) of the Hardware Dealers Mutual Fire Insurance Company. 1983Legal Times 10 Oct. 1/2 Demutualization or stocking a mutual, as the process is referred to, ‘will be of more and more interest to lawyers in the months ahead’. 1996W. Hutton State we're In (rev. ed.) 329 Only the Nationwide among the top eight building societies has not either set the process of demutualisation in train or actively hinted at it. |