Common to both parties. Interchangeable; reciprocal; each acting in return or correspondence to the other; given and received;-spoken of an engagement or relation in which like duties and obligations are exchanged; e.g., the marital relation.
As to mutual account
- mutual combat
- mutual condition
- mutual contract
- mutual covenant
- mutual credits
- mutual debt
- mutual insurance
- insurance (mutual insurance)
- mutual promise; and mutual testament, see those titles.
See also mutuality
@ mutual affray
A fight in which both parties willingly enter and is similar to a duel. Taylor v. Commonwealth, 281 Ky. 442, 136 S.W.2d 544.
See affray
@ mutual agreement
A meeting of the minds on a specific subject, and a manifestation of intent of the parties to do or refrain from doing some specific act or acts.
@ mutual association
@ mutual benefit association
One based on reciprocal contracts and requires that a member receive benefits as a matter of right. In re Henderson's Estate, 17 Cal.2d 853, 112 P.2d 605, 609.
Commonly a fraternal or social organization which provides insurance for its members on an assessment basis
@ mutual benefit insurance
Type of insurance offered to members of a mutual benefit association commonly characterized by assessment of members to meet claims.
See mutual benefit association
@ mutual company
A corporation in which shares are held exclusively by members to whom profits are distributed as dividends in proportion to the business which the members did with the company (e.g. state-chartered mutual savings banks, federal savings and loan associations). One in which the members are both the insurers and the insured (mutual insurance companies). Pink v. Town Taxi Co., 138 Me. 44, 21 A.2d 656, 659
@ mutual demands
Those between the same parties and due in the same capacity or right. Thompson v. Prince, Tex.Civ.App., 126 S.W.2d 574, 576

Black's law dictionary. . 1990.

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  • mutual — 1. • That done, our day of marriage shall be yours, One feast, one house, one mutual happiness. Shakespeare, Two Gentlemen of Verona, v.iv.170–1. Until the 19c, mutual was used with little difficulty in two main meanings: (1) that reflected in… …   Modern English usage

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  • 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

  • Mutual — may refer to: Mutual organization, where customers derive a right to profits and votes Mutual information, the intersection of multiple information sets Mutual insurance, where policyholders have certain ownership rights in the organization… …   Wikipedia

  • mutual — MUTUÁL, Ă, mutuali, e, adj. Care se face în mod reciproc şi simultan. ♦ Inducţie mutuală = inducţie electromagnetică exercitată reciproc între două circuite străbătute de curenţi electrici variabili. ♦ (impr.) Care are loc reciproc şi fără… …   Dicționar Român

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