Mutual company


 

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Mutual company

A corporation that is owned by a group of members and that distributes income in proportion to the amount of business that members do with the company.



Mutual company

Similar Matches

Investment Company Act of 1940

Investment Company Act of 1940

Legislation that requires investment companies to register with the SEC and that outlines standards by which they must operate.


Captive finance company

Captive finance company

A company, usually a subsidiary that is wholly owned, whose main function is financing consumer purchases from the parent company.


Joint stock company

Joint stock company

A form of business organization that falls between a corporation and a partnership. The company sells stock, and its shareholders are free to sell their stock, but shareholders are liable for all debts of the company.


Closed end management company

Closed end management company

An investment company that has only a set number of shares of the mutual fund that it manages, and does not create new shares if demand increases. Antithesis of an open-end management company.


Single company PEP

Single company PEP

See: 'personal equity plan'.


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