- 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.
* * *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.
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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
Demutualization — is the process by which a customer owned mutual organization (mutual) or co operative changes legal form to a joint stock company. It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual… … Wikipedia
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