mutual

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mutual

adj., adv. referring to anything in which both parties have reciprocal rights, understanding, or agreement.

mutual

(Collective), adjective coadjutant, coadjutive, coadjuvant, coadunate, coalitional, collaborated, combined, common, communal, communalistic, commutual, confederated, conjoint, cooperant, cooperative, federal, federate, federated, federative, general, in common, interdependent, joint, leagued, participatory, shared, unified, united
Associated concepts: mutual benefit association, mutual ennerprise, mutual insurance company, mutual savings bank

mutual

(Reciprocal), adjective bilateral, complemental, complementary, concurrent, correspondent, corresponding, done reciprocally, equivalent, interactive, interchanged, interrelated, mutuus, parallel, reciprocating, reciprocative, two-sided, two-way
Associated concepts: mutual consent, mutual covenants, mutual easements, mutual mistake, mutual promise, mutual wills
See also: cognate, collective, common, concordant, correlative, joint, reciprocal, related

MUTUAL. Reciprocal.
     2. In contracts there must always be a consideration in order to make them valid. This is sometimes mutual, as when one man promises to pay a sum of money to another in consideration that he shall deliver him a horse, and the latter promises to deliver him the horse in consideration of being paid the price agreed upon. When a man and a woman promise to marry each other, the promise is mutual. It is one of the qualities of an award, that it be mutual; but this doctrine is not as strict now as formerly. 3 Rand. 94; see 3 Caines 254; 4 Day, 422; 1 Dall. 364, 365; 6 Greenl. 247; 8 Greenl. 315; 6 Pick. 148.
     3. To entitle a contracting party to a specific performance of an agreement, it must be mutual, for otherwise it will not be compelled. 1 Sch. & Lef. 18; Bunb. 111; Newl. Contr. 152. See Rose. Civ. Ev. 261.
     4. A distinction has been made between mutual debts and mutual credits. The former term is more limited in its signification than the latter. In bankrupt cases where a person was indebted to the bankrupt in a sum payable at a future day, and the bankrupt owed him a smaller sum which was then due; this, though in strictness, not a mutual debt, was holden to be a mutual credit. 1 Atk. 228, 230; 7 T. R. 378; Burge on Sur. 455, 457.

References in periodicals archive ?
While the majority of mutuals have been around for many years, a few have more recent roots.
With a longer time horizon, mutuals are not driven by short-term profits or stock movements.
The select number of property/casualty insurers that have shed their mutual status to form mutual holding companies say it's a decision they don't regret.
Mutual fund investing involves risk; principal loss is possible.
Being acquired in a sponsored demutualization is a good option for solid mutuals that have strong management, good books of business, a stable and growing geographic base, and good products and systems, but that feel it isn't possible to maintain all of this on a stand-alone basis.
Forging stronger communication and relationships with policyholders is only part of an effective communications strategy Mutuals also must maintain and strengthen their regulatory relationships to ensure that those agencies are working with them and will back them in the tough times.
The VICEX ticker symbol will certainly simplify the process," said Brian Scheibmeir, Director of Information Technology at the MUTUALS.
From 1990 through 1999, stock companies bettered mutuals in average annual return on revenue, 3.
Change is expected to be particularly dramatic for large regional and specialty-line companies that were formed as mutuals for a specific purpose.
When questioned about their increased role, Mark Sinclair, a long-time partner at Ernst & Young, added, "Ernst & Young has worked with MUTUALS.
In a revolutionary step in the financial services industry, MUTUALS.
The goal of the Mutual Partnership Program is to provide smaller mutuals access to greater resources.

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