The difference between Collectively and Mutually
When used as adverbs, collectively means in a collective manner, whereas mutually means in the same way, each to the other.
check bellow for the other definitions of Collectively and Mutually
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Collectively as an adverb:
in a collective manner; viewed together as a whole; to be treated as a single unit, rather than the items that make up the collection separately.
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Mutually as an adverb:
in the same way, each to the other; reciprocally
Examples:
"The contract was mutually binding."
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Mutually as an adverb:
in a shared manner; equally; affecting all parties the same way
Examples:
"The adventure was mutually beneficial."