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demutualize

Syllabification: de·mu·tu·al·ize
Pronunciation: /dēˈmyo͞oCHo͞owəˌlīz
 
/

Definition of demutualize in English:

verb

[with object]
Change (a mutual organization such as a savings and loan association) to one of a different kind.
Example sentences
  • He said the 5-year claiming period since the company demutualised might possibly be extended for another two years.
  • The size of any windfall is crucial to borrowers who are deciding which way to vote because they will have to pay higher mortgage bills if the lender demutualises.
  • This building society demutualised in 1997 and now holds more than 3% of the UK's outstanding mortgage stock.

Derivatives

demutualization

1
Pronunciation: /-ˌmyo͞oCHo͞owəliˈzāSHən/
noun
Example sentences
  • Back in May of this year, we reviewed the performance of various windfall shares received following the demutualisation of various building societies.
  • Laurent recently told senior colleagues that partial demutualization - the process of changing a company's ownership structure to one based on shareholders - would ‘galvanize’ the group.
  • Melmoth says the group hopes to expand - care homes for the elderly being the next opportunity - but says it will resist demutualisation.

Definition of demutualize in:

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