noun
mutual company
A type of company where policyholders or members are also owners, common in insurance. Used in legal and business contexts.
生命保険の相互会社は、契約者が社員でもある。
In a mutual life insurance company, policyholders are also members.
株式会社 is a stock company owned by shareholders, while 相互会社 is a mutual company owned by its members/policyholders.
Compound of 相互 (mutual) and 会社 (company). The term is a direct translation of the English 'mutual company' and is used primarily in insurance and cooperative business contexts.