MUTUAL COMPANY
\mjˈuːt͡ʃuːə͡l kˈʌmpəni], \mjˈuːtʃuːəl kˈʌmpəni], \m_j_ˈuː_tʃ_uː_əl k_ˈʌ_m_p_ə_n_i]\
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Firm like a mutual insurance company that is established for its shareholders' benefit. Shareholders are called members. In proportion to the business amount done with the firm, the firm's profits is given to each member as dividends.
By Henry Campbell Black
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"