a financial organization, esp a building society, in which the policyholders share the profits and expenses and there are no shareholders
Examples of 'mutual society' in a sentence
mutual society
Like a traditional mutual society, a 'friendly' is owned by its members rather than shareholders.
Times, Sunday Times (2008)
Although it has the political support of the government, it will be run as a mutual society.
Times, Sunday Times (2010)
Growth in property prices has slowed sharply over the past two years, according to the mutual society, which is owned by its members.
Times, Sunday Times (2018)
As a mutual society, it cannot always raise money in the same way as companies and it needs to be innovative in raising cash.
Times, Sunday Times (2012)
The mutual society added 4.5 per cent to the dividend, which means that 900,000 of the society's three million members will share 48 million.
Times, Sunday Times (2006)
These days windfalls can be had only when two mutual societies merge.
Times, Sunday Times (2008)
Companies with fewer than 10 staff are also excluded, as are not-for-profit companies, including co-operative societies, mutual societies,housing associations, and member-owned buying groups.
Times, Sunday Times (2006)
Next, there needs to be greater diversity among the enterprises that create wealth: mutual societies, credit unions and hybrid forms of commercial organisation.