demutualize

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.

* * *

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.

Игры ⚽ Нужно сделать НИР?

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

  • Demutualization — is the process by which a customer owned mutual organization (mutual) or co operative changes legal form to a joint stock company.[1] It is sometimes called stocking or privatization. As part of the demutualization process, members of a mutual… …   Wikipedia

  • Musselburgh and Fisherrow Co-operative Society — Type Former consumer co operative Founded March 27, 1862 (1862 03 27)[1] …   Wikipedia

  • mutual — mu‧tu‧al [ˈmjuːtʆuəl] adjective [only before a noun] FINANCE relating to financial institutions, for example some insurance companies and, in Britain, building, where there are no shareholders but where investors receive their share of profits in …   Financial and business terms

  • Stock exchange — A stock exchange, share market or bourse is a corporation or mutual organization which provides trading facilities for stock brokers and traders, to trade stocks and other securities. Stock exchanges also provide facilities for the issue and… …   Wikipedia

  • Pacific Exchange — The former San Francisco Stock Exchange building became the Pacific Coast Stock Exchange in 1957. Today it is an Equinox Fitness location The Pacific Exchange was, until 2001, a regional stock exchange with a main exchange floor and building in… …   Wikipedia

  • Carpetbagger — In United States history, carpetbaggers was the term southerners gave to northerners who moved to the South during Reconstruction, between 1865 and 1877. They formed a coalition with freedmen (freed slaves), and scalawags (southern whites who… …   Wikipedia

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”