单词 | demutualize |
释义 | demutualizev. Business. 1. intransitive. Of a company, esp. a building society or other financial institution: to convert from a mutual company to one owned by stock- or shareholders; to undergo demutualization. ΚΠ 1983 Legal Times 10 Oct. 8/4 Two companies..have applied to the state insurance department for permission to demutualize. 1989 Times 12 Aug. 22/2 The 34,000 policyholders in FS Assurance will vote next week on whether FS should demutualize and be sold to Britannia Building Society. 2001 Evening Post (Wellington, N.Z.) (Electronic ed.) 23 Feb. The NZSE plans to demutualise—transforming from a co-operative owned by brokers to a company whose shares could be listed. 2. transitive. To convert (a company) in this way. ΚΠ 1984 Forbes 3 Dec. 146/3 The possibility of raising new money by ‘demutualizing’ MONY [= Mutual Life Insurance Company of New York], turning it into a public company. 1992 Daily Tel. 14 Feb. 20/4 The Swedes are attempting to..demutualise the country's fifth largest bank and float its shares on the Stockholm stock exchange. 1997 Jrnl. Risk & Insurance 64 214 In the future, any mutual that accumulates a large cash reserve could be demutualized. This is a new entry (OED Third Edition, March 2004; most recently modified version published online March 2022). < v.1983 |
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