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Demutualization

Definition:

Refers to the process that has come about as the result of many not-for-profit exchanges (mutual companies owned by groups of members) converting to for-profit and then shareholder companies in order to go public.

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Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

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Concentration services

Movement of cash from different lockbox locations into a single concentration account from which disbursements and investments are made.

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