Definitions
from The American Heritage® Dictionary of the English Language, 4th Edition
- transitive v. To make mutual.
- transitive v. To set up or reorganize (a corporation) so that the majority of common stock is owned by customers or employees.
- intransitive v. To become mutual.
from Wiktionary, Creative Commons Attribution/Share-Alike License
- v. To make, or to become mutual
- v. To organize a business (especially a financial business) so that it is owned by its customers (or its employees)
from The Century Dictionary and Cyclopedia
- To render mutual; specifically, reorganize (a proprietary or stock insurance company) as a mutual company. See mutual, 4.
Etymologies
Sorry, no etymologies found.
Examples
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On Friday, the government got an early taste of that opposition when civil servants who administer the state pension went on strike over proposals to mutualize their department, which will allow holders of pensions to take a stake—but which unions call privatization by the back door.
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A proposed financial overhaul would push more derivatives traders to mutualize potential losses through a central clearing entity.
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And I think that will certainly mutualize risk in the industry.
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It might benefit a larger group of oppressed people to find a way to mutualize the institution in good hands.
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On the other hand, the president and his associates, who have hitherto swayed the destinies of the institution, are accused by the other party of conspiring to mutualize the institution, not for the benefit of the policy-holders, but to conceal the traces of past misdeeds.
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The issues that divided Paris and Berlin were all too familiar - whether to give supranational EU institutions the power to overrule national budgets and punish deficit offenders; whether to mutualize European debts; whether to let the European Central Bank act as a lender of last resort to states and banks.
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For instance, the controversy over Hamilton's 1790 proposal that the federal government should take responsibility for state debt is mirrored in today's debate over whether to mutualize euro zone debt, perhaps by issuing common bonds.
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She rejected joint "euro bonds," dismissed a proposal to mutualize the euro zone's debt stock, and rebuffed attempts to allow the bloc's rescue fund to borrow from the ECB or the IMF.
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They absolutely add value and will help mutualize and isolate risk related to any individual participant.
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The whole idea behind a clearinghouse is to mutualize risk and, hopefully, to reduce systemic risk.
Comments
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