mutuality
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mutuality — 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 … Law dictionary
Mutuality — 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] … The Collaborative International Dictionary of English
mutuality — (n.) 1580s, from MUTUAL (Cf. mutual) + ITY (Cf. ity) … Etymology dictionary
mutuality — 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… … Black's law dictionary
mutuality — 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… … Black's law dictionary
mutuality — 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 … Financial and business terms
mutuality — 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… … English terms dictionary
mutuality — noun 1. a reciprocality of sentiments (Freq. 1) the mutuality of their affection was obvious • Syn: ↑mutualness • Derivationally related forms: ↑mutual (for: ↑mutualness), ↑ … Useful english dictionary
mutuality 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.… … Law dictionary
mutuality of remedy — n. The principle that one party cannot receive an equitable remedy that the other party could not also receive. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. mutuality of remedy … Law dictionary
