1. converted to mutual ownership or control by members or policyholders
Usage: business; finance

1. past tense of mutualize: to convert to mutual ownership or control
Usage: business; finance

Examples

• The insurance company was mutualized in 1995, giving policyholders ownership rights.
• Many credit unions are mutualized financial institutions owned by their members.
• The board voted to keep the company mutualized rather than go public.
• They mutualized the savings and loan association to prevent a hostile takeover.
• The mutualized bank distributes profits back to its member-owners.
• Several European insurers have mutualized their operations in recent decades.