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FindLaw Legal Dictionary

The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.

term:

Mutuality

mutuality 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 owed between the same parties standing in the same capacity



Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.

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