Mutual-insurance
noun
1.
insurance in which those insured become members of a company who reciprocally engage, by payment of certain amounts into a common fund, to indemnify one another against loss.
noun
1.
a system of insurance by which all policyholders become company members under contract to pay premiums into a common fund out of which claims are paid See also mutual (sense 3)
Read Also:
- Mutual insurance company
A type of insurance company in which policyholders share in the profits.
- Mutualism
[myoo-choo-uh-liz-uh m] /ˈmyu tʃu əˌlɪz əm/ noun 1. a relationship between two species of organisms in which both benefit from the association. 2. the doctrine that the interdependence of social elements is the primary determinant of individual and social relations, especially the theory that common ownership of property, or collective effort and control governed by […]
- Mutualist
[myoo-choo-uh-liz-uh m] /ˈmyu tʃu əˌlɪz əm/ noun 1. a relationship between two species of organisms in which both benefit from the association. 2. the doctrine that the interdependence of social elements is the primary determinant of individual and social relations, especially the theory that common ownership of property, or collective effort and control governed by […]
- Mutualistic
[myoo-choo-uh-liz-uh m] /ˈmyu tʃu əˌlɪz əm/ noun 1. a relationship between two species of organisms in which both benefit from the association. 2. the doctrine that the interdependence of social elements is the primary determinant of individual and social relations, especially the theory that common ownership of property, or collective effort and control governed by […]
- Mutuality
[myoo-choo-al-i-tee] /ˌmyu tʃuˈæl ɪ ti/ noun 1. condition or quality of being ; reciprocity; dependence. n. 1580s, from mutual + -ity.