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Mutual company. A corporation that is owned by a group of members and that distributes income in proportion to the amount of business that members do with the company. Mutual Company. A company structure in which the company's owners are also its clients.
A Bond mutual fund is a type of mutual fund that invests in bonds and other government securities that are safe and have a fixed rate of return. Whereas the term mutual fund p â¦ er say refers to equity mutual funds in most cases which invest in the stock market. A mutual fund is a professionally managed type of collective investment scheme that pools money from many investors and invests it in stocks, bonds, short-term money mar â¦ ket instruments, and/or other securities. The mutual fund will have a fund manager that trades the pooled money on a regular basis.