English version

demutualize

From Longman Business Dictionary
Related topics: Finance
demutualizede‧mu‧tu‧a‧lize /ˌdiːˈmjuːtʃuəlaɪz/ (also demutualise British English) 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 stockmarketDuring the last decade, many building societies and life insurers demutualised and were floated on the stock market.demutualization (also demutualisation British English) noun [countable, uncountable]There has been a massive expansion in share ownership caused by privatisations and demutualisations.
Pictures of the day
Do you know what each of these is called?
Click on the pictures to check.