Meaning of “mutual” in the English Dictionary

(Definition of “mutual” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"mutual" in American English

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mutualadjective [ not gradable ]

us /ˈmju·tʃu·əl/

(of two or more people or groups) feeling the same emotion, or doing the same thing to or for each other:

We let the subject drop, by mutual agreement.

A mutual friend is someone who is a friend of each of two or more other people:

They were gossiping about parties and mutual friends.

(Definition of “mutual” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"mutual" in Business English

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mutualadjective [ before noun ]

uk /ˈmjuːtʃuəl/ us

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.

mutualnoun [ C ]

uk /ˈmjuːtʃuəl/ us FINANCE

also mutual company a financial organization such as a building society that is owned by its members, rather than by shareholders:

Some mutuals converted to banks.
See also

(Definition of “mutual” from the Cambridge Business English Dictionary © Cambridge University Press)