demutualize

demutualize de‧mu‧tu‧a‧lize [ˌdiː'mjuːtʆuəlaɪz] also demutualise verb [intransitive, transitive]
FINANCE if a mutual company, such as a life insurance company or a building society, demutualizes or is demutualized, it obtains the agreement of the people who invest in it, or are insured by it, to become a limited company with shareholders, listed on the stockmarket:

• During the last decade, many building societies and life insurers demutualised and were floated on the stock market.

— demutualization also demutualisation noun [countable, uncountable] :

• There has been a massive expansion in share ownership caused by privatisations and demutualisations.

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demutualize UK US (UK ALSO demutualise) /ˌdiːˈmjuːtʃuəlaɪz/ verb [I or T] FINANCE
if a financial organization demutualizes, it becomes a company with shares owned by shareholders, and is no longer owned by the people who have money in it: »

The Board quit after it failed to get the minimum 75% vote from members in favour of demutualizing.


Financial and business terms. 2012.

Look at other dictionaries:

  • demutualize — v. To convert a mutual insurance firm from a policyholder owned company to a publicly traded stock company. Example Citation: Toronto based Sun Life is the third of Canada s largest mutual insurance companies to announce plans to demutualize.… …   New words

  • demutualize — /dee myooh chooh euh luyz /, v.t., demutualized, demutualizing. to convert (a mutual life insurance company) to a stockholder owned corporation. Also, esp. Brit., demutualise. [DE + MUTUALIZE] * * * …   Universalium

  • demutualize — or demutualise di: mju:tʃʊəlʌɪz, tjʊə verb change (a mutual organization such as a building society) to one of a different kind. Derivatives demutualization noun …   English new terms dictionary

  • demutualize — /dee myooh chooh euh luyz /, v.t., demutualized, demutualizing. to convert (a mutual life insurance company) to a stockholder owned corporation. Also, esp. Brit., demutualise. [DE + MUTUALIZE] …   Useful english dictionary

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