Final answer:
A fraternal benefit society is an incorporated organization without capital stock, focused on mutual aid and charitable activities, different from profit-seeking entities like stock companies.
Step-by-step explanation:
An incorporated society, order, or supreme lodge that operates without a capital stock is known as a fraternal benefit society. These organizations are typically focused on serving their members' mutual aid, insurance, and social or charitable goals rather than seeking profits like a stock company or mutual company would. In contrast, a stock company is a business entity that has shares which can be bought and sold by investors. A mutual company is owned by its policyholders, while a reciprocal company refers to an unincorporated group where members share insurance responsibilities.