Definition of demutualize in English:

demutualize

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

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

Pronunciation: /-ˈzeɪʃ(ə)n/
noun
More 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.

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