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demutualize

Line breaks: de|mutual|ize
Pronunciation: /diːˈmjuːtʃʊəlʌɪz
 
, -tjʊə-/
(also demutualise)

Definition of demutualize in English:

verb

[no object]
(Of a mutual organization such as a building society) change from being owned by its members to a different kind of ownership: both companies could demutualize over the next few years
More 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: /-ˈzeɪʃ(ə)n/
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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Pronunciation: ˌprēˈpōtnt
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greater than others in power or influence