Mutuals in Tamil
Definition:
The word “Mutuals” refers to business organizations that are owned and controlled by their members, who are often customers or voters. The term “Mutual” comes from the concept of mutualism, where each member benefits from the association by taking advantage of shared risks, costs, and benefits.
In a mutual organization, the members pool their resources to achieve a common goal, and any surplus is distributed back to the members in the form of dividends, lower premiums, or better services. Mutuals are often contrasted with stock-based companies, which are owned by shareholders who seek to maximize returns on their investment.
Examples of mutual organizations include:
1. Insurance companies, such as mutual insurance companies or farm mutuals.
2. Cooperatives, which are businesses owned and controlled by their member-owners.
3. Credit unions, which are financial institutions owned and governed by their member-owners.
4. Mutual associations, such as housing cooperatives, consumer cooperatives, or worker-owned cooperatives.
The key characteristics of a mutual organization include:
1. Member ownership: The members have a direct stake in the organization and can influence its decisions.
2. Limited profit motive: Mutuals are not driven solely by the pursuit of profits, but rather by the need to serve their members.
3. Shared risk: Members share the risks and rewards of the organization through mutual support and cooperation.
4. Democratic governance: Members have a say in the decision-making process through voting or other forms of participation.
Overall, mutuals are a unique type of business organization that emphasizes mutual benefit, cooperation, and member control.
Translation of ‘Mutuals’ in Tamil:
பரஸ்பரம்
Examples:
- Here are three unique example sentences using the word “Mutuals”:
- 1. The community center hosted a fundraising event to support their mutuals, a local food bank and homeless shelter, during the holiday season.
- 2. The business partners had a pact to prioritize their mutuals, their employees and customers, over profits and personal gain.
Synonyms:
such as mutual funds, it’s worth noting that the term “mutuals” is often specific to financial institutions, mutual banks, or mutual insurance companies, that are owned and controlled by their policyholders or customers. In this context, Here are some synonyms for the word “mutuals”:
1. Reciprocals
2. Shared interest groups
3. Associations
4. Unions
5. Cooperatives
6. Organizations
7. Clubs
8. Societies
9. Fraternal organizations
10. Shared benefit groups
However, some synonyms might include:
1. Member-owned institutions
2. Policyholder-owned organizations
3. Customer-owned cooperatives
4. Mutual financial institutions
Please let me know if you have any further questions or if there’s anything else I can help you with!
Antonyms:
rather than cooperation.
5. Separate: Emphasizes the distinction or separation between individuals or groups, without consideration for the other party’s perspective.
2. Exclusive: Means restricted to a select group or individual, rather than their connection.
6. Autonomous: Refers to an entity or individual that is independent and self-governing, with little to no interaction or overlap with others.
7. Opposed: Indicates a direct conflict or contradiction between two or more entities, but they convey a sense of contrast to the concept of “mutuals”, The word “mutuals” typically refers to relationships or benefits shared among individuals or groups. Here are some antonyms for “mutuals”:
1. Unilateral: Refers to a one-sided decision or action, and not shared with others.
3. Self-centered: Focuses on one’s own interests or needs, rather than a shared interest.
Keep in mind that these antonyms may not be exact opposites, without regard for the interests of others.
4. Opposing: Describes relationships characterized by conflict or disagreement, which implies a shared or collaborative relationship.
Related Words: