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Reciprocals are sometimes confused with mutual insurance companies. While the products of stock companies, reciprocals, and mutuals may be practically indistinguishable to consumers, there are technical differences. A reciprocal is unincorporated; a mutual is incorporated and thus can claim to be "owned by our policyholders".
Negotiated and reciprocal exchanges create different structural relations between actors' behaviors and between their outcomes. Both forms of transactions alter the risk inherent in relations of mutual dependence, but in different ways. Reciprocal exchange - decisions are made individually by actors; flow of benefits is unilateral.
In Olins v Walters [2009] 2 WLR 1 C.A. [6] the Court of Appeal has held that although it is a necessary condition for mutual wills that there is clear and satisfactory evidence of a contract between the testators, it is a legally sufficient condition that the contract provides, in return for one testator agreeing to make a will in a particular ...
In these circumstances, reciprocal exchange can be divided in two types: dyadic back-and-forth exchange (reciprocity), and pooling (redistribution). Pooling is a system of reciprocities. It is a within group relationship, whereas reciprocity is a between relationship. Pooling establishes a centre, whereas reciprocity inevitably establishes two ...
Mutual concession is a procedure that can promote compromise in a group so that individuals can refocus their efforts toward achieving a common goal. Reciprocal concessions promote compromise in a group so that the initial and incompatible desires of individuals can be set aside for the benefit of social cooperation.
Here are some key tax differences between mutual funds and ETFs: Capital gains distributions: Mutual funds: Mutual funds are required to distribute capital gains to their shareholders when they ...
It's easy to get confused about what the terms "mutual fund" and "index fund" refer to. The two terms refer to distinct categories: "mutual fund" refers to a fund's structure, whereas "index fund ...
He proposes that the highest or best form of friendship involves a relationship between equals – one in which a genuinely reciprocal relationship is possible. This thread appears throughout the history of Western ethics in discussions of personal and social relationships of many sorts: between children and parents, spouses, humans and other ...