mutuality
1mutuality — mu·tu·al·i·ty /ˌmyü chə wa lə tē/ n: the quality or state of being mutual: as a: the quality of a contract under which both parties are bound by obligations b: the state of debts for purposes of set off under bankruptcy law in which the debts are …
2Mutuality — Mu tu*al i*ty, n. [Cf. F. mutualit[ e].] 1. The quality of correlation; reciprocation; interchange; interaction; interdependence. [1913 Webster] 2. (Law) Reciprocity of consideration. Wharton. [1913 Webster] …
3mutuality — (n.) 1580s, from MUTUAL (Cf. mutual) + ITY (Cf. ity) …
4mutuality — Reciprocation; interchange. An acting by each of two parties; an acting in return. Mutuality of contract means that obligation rests on each party to do or permit doing of something in consideration of other party s act or promise; neither party… …
5mutuality — Reciprocation; interchange. An acting by each of two parties; an acting in return. Mutuality of contract means that obligation rests on each party to do or permit doing of something in consideration of other party s act or promise; neither party… …
6mutuality — Term used to describe an organisation owned by its members for their own benefit, e.g., Building societies and Insurance companies. * * * mutuality UK US /ˌmjuːtʃuˈæləti/ noun [U] FINANCE, INSURANCE ► a situation in which a financial organization …
7mutuality — noun The property of being mutual. The mutuality of mutually assured destruction is key to its function as a deterent …
8mutuality — mutual ► ADJECTIVE 1) experienced or done by each of two or more parties towards the other or others. 2) (of two or more parties) having the same specified relationship to each other. 3) held in common by two or more parties. 4) (of a building… …
9mutuality — noun 1. a reciprocality of sentiments (Freq. 1) the mutuality of their affection was obvious • Syn: ↑mutualness • Derivationally related forms: ↑mutual (for: ↑mutualness), ↑ …
10mutuality of obligation — n. The principle that both parties to a contract are either bound to it or not, but one party cannot be bound if the other is not. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008.… …
