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From: Webster's Revised Unabridged Dictionary (1913)

 Mu·tu·al a.
 1. Reciprocally acting or related; reciprocally receiving and giving; reciprocally given and received; reciprocal; interchanged; as, a mutual love, advantage, assistance, aversion, etc.
    Conspiracy and mutual promise.   --Sir T. More.
 Happy in our mutual help,
 And mutual love.   --Milton.
    A certain shyness on such subjects, which was mutual between the sisters.   --G. Eliot.
 2. Possessed, experienced, or done by two or more persons or things at the same time; common; joint; as, mutual happiness; a mutual effort.
    A vast accession of misery and woe from the mutual weeping, and wailing, and gnashing of teeth.   --Bentley.
 Note: ☞   This use of mutual as synonymous with common is inconsistent with the idea of interchange, or reciprocal relation, which properly belongs to it; but the word has been so used by many writers of high authority.  The present tendency is toward a careful discrimination.
    Mutual, as Johnson will tell us, means something reciprocal, a giving and taking.  How could people have mutual ancestors?   --P. Harrison.
 Mutual insurance, agreement among a number of persons to insure each other against loss, as by fire, death, or accident.
 Mutual insurance company, one which does a business of insurance on the mutual principle, the policy holders sharing losses and profits pro rata.
 Syn: -- Reciprocal; interchanged; common.