Definition, Meaning & Synonyms
mutuel
Adjective
/ˈmjuː.tʃuː.əl/
Definition
Relating to a type of mutual insurance or mutual benefit society.
Examples
- They participate in a mutuel fund that supports local charities.
- The mutuel agreement allowed both parties to benefit from shared resources.
- In a mutuel system, the risks and profits are distributed among all members.
Meaning
The term ‘mutuel’ refers to organizations or systems that operate on a cooperative basis, where members share the rights and responsibilities equally.
Synonyms
- reciprocal
- joint
- shared
