Mutual Agency: The right of all partners in a partnership to act as agents for the normal business operations of the partnership, with the authority to bind it to a business agreements.

 

Related Words

Mutual Agency: The right of all partners in a partnership to act as agents for the normal business operations of the partnership, with the authority to bind it to a business agreements.

Mutual Exclusion Doctrine: The tenet that rules municipal bond interest is federal tax-free. In return for this federal tax exemption, states and localities cannot tax interest generated by federal government securities.

Mutual Consent: A meeting of the minds, a mutual assent of the parties to the formation of the contract.

Mutual Fund: A mutual fund is a professionally managed investment product that sells shares to investors and pools the capital it raises to purchase investments. A fund typically buys a diversified portf . . . View Full Definition

Mutual Compensation: The concept that carriers must pay when they terminate traffic on the networks of carriers with which they are interconnected.

Mutual Fund Cash-To-Assets Ratio: The cash instruments portion of a mutual fund as a proportion of its total assets.

Mutual Funds: Investment companies that pool money from shareholders and invest in a variety of securities, including stocks, bonds, and short-term money market assets.

Mutual Fund Theorem: A result associated with the CAPM, asserting that investors will choose to invest their entire risky portfolio in a market index or mutual fund.

Mutual Fund Custodian: A commercial bank or trust company that holds securities owned by a mutual fund and sometimes acts as transfer agent for the mutual fund.

Mutual Company: A mutual company is a privately held company owned by its policyholders, depositors, or other customers. A share of the profits is distributed as dividends, allocated in proportion to the am . . . View Full Definition