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English definition of “mutual”

mutual

adjective [before noun]
 
 
/ˈmjuːtʃuəl/
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.
(Definition of mutual adjective from the Cambridge Business English Dictionary © Cambridge University Press)
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