Definition

The process of making something mutual, especially in the context of transforming an insurance company into a mutual company where policyholders have ownership.

Example

The mutualization of the insurance company allowed policyholders to have a say in its management.

Conversation

Have you ever heard about mutualization in insurance companies?

Yeah, I read something about it recently; it sounds interesting.

It really is! It helps policyholders have a say in the company's decisions.

Exactly, I think it's a great way to ensure everyone benefits.

Synonyms & Antonyms

Root Explanation

Mutualization → It is formed from "mutuus" (meaning reciprocal or shared) and the suffix "-ization" (meaning the process of making or becoming). The word "mutualization" refers to the process of making something reciprocal or shared between parties.

Memory Tip

Think of 'mutual' meaning something that is shared or reciprocal, and '-ization' indicating a process. This helps you remember that mutualization is the process of making something shared.

Visually Confused Words