| 释义 |
demutualize, v. Business.
Brit. |diːˈmjuːtʃʊəlʌɪz|, |diːˈmjuːtʃ(ʊ)lʌɪz|, |diːˈmjuːtjʊəlʌɪz|, |diːˈmjuːtjʊlʌɪz|, U.S. |diˈmjutʃ(əw)əˌlaɪz|
Forms: 19– demutualise, 19– demutualize
[‹ de- prefix + mutualize v., after demutualization n.]
1. intr. Of a company, esp. a building society or other financial institution: to convert from a mutual company to one owned by stock- or shareholders; to undergo demutualization.
1983Legal Times 10 Oct. 8/4 Two companies..have applied to the state insurance department for permission to demutualize. 1989Times 12 Aug. 22/2 The 34,000 policyholders in FS Assurance will vote next week on whether FS should demutualize and be sold to Britannia Building Society. 2001Evening Post (Wellington, N.Z.) (Electronic ed.) 23 Feb. The NZSE plans to demutualise—transforming from a co-operative owned by brokers to a company whose shares could be listed.
2. trans. To convert (a company) in this way.
1984Forbes 3 Dec. 146/3 The possibility of raising new money by ‘demutualizing’ MONY [= Mutual Life Insurance Company of New York], turning it into a public company. 1992Daily Tel. 14 Feb. 20/4 The Swedes are attempting to..demutualise the country's fifth largest bank and float its shares on the Stockholm stock exchange. 1997Jrnl. Risk & Insurance 64 214 In the future, any mutual that accumulates a large cash reserve could be demutualized.
Derivatives. demutualized adj.
1984N.Y. Times 10 May d5/1 One of the biggest concerns is how the securities market will view the shares of a *demutualized company and how they will trade. 1997Moneywise Apr. 28/3 Names such as the Stafford Railway Building Society with assets of {pstlg}48m or the Ilkeston Permanent Building Society with assets of just {pstlg}16m may not be able to survive against the new demutualised giants. |