mutualitynoun [ U ]
uk/ˌmjuːtʃuˈæləti/usFINANCE, INSURANCEa situation in which a financial organization is owned by its members rather than shareholders, allowing members to share any profits:
With the insurer's traditional business in decline, it needs to find new ways for members to benefit from the company's mutuality.
The building society confirmed that it was to reward members with a mutuality bonus of £1,000.