› used to describe something that is done or felt by all or both people in a group: by mutual agreement/consent He has now left the company by mutual agreement.mutual benefit/advantage Firms often do business together for purposes of mutual benefit.mutual respect/understanding/interest Ours will be a partnership based on fairness and mutual respect. a mutual decision
› FINANCE used for describing a financial organization that is owned by its members, rather than by shareholders: We are a mutual building society and that means we can pay good savings rates to customers instead of paying out dividends to shareholders.