Related Words

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

Mutual Offset: A system, such as the arrangement between the Chicago Mercantile Exchange (CME) and Singapore International Monetary Exchange (SIMEX), that allows trading positions established on one exchan . . . View Full Definition

Mutual Reception: Two planets placed in each other's sign of essential dignity are in mutual reception, 'en rapport'. Mutual reception provides a harmonious link between planets not in aspect and strengthens . . . View Full Definition

Mutual Savings Bank: A state-chartered savings bank that is owned by its depositors and managed by a fiduciary board of trustees.

Mutual Self-Help Housing: A program to assist groups of low-income families in building their own homes. Each family is expected to contribute at least 700 hours of labor in building homes for each other. Participati . . . View Full Definition

Mutual Mortgage Insurance: Insurance premiums and other specified FHA revenues are paid into one of four FHA funds. Losses due to foreclosure are met from these funds.

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

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.