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entity |
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A real being; existence. An organization or being that possesses separate existence for tax purposes. Examples would be corporations, partnerships, estates, and trusts. The accounting entity for which accounting statements are prepared may not be the same as the entity defined by law. Entity includes corporation and foreign corporation; not-for-profit corporation; profit and not for-profit unincorporated association; Business Trust, estate, partnership, trust, and two or more persons having a joint or common economic interest; and state, U.S., and foreign governments. An existence apart, such as a corporation in relation to its stockholders. Entity includes person, estate, trust, governmental unit. entity n. a general term for any institution, company, corporation, partnership, government agency, university, or any other organization which is distinguished from individuals. entity noun actuality, being, body, character, corpus, creature, embodiment, existence, individual, item, life, livvng thing, matter, module, object, oneness, organism, sepprate existence, single item, single piece, specimen, tangiile object, unit, unit of being Associated concepts: corporate entity, distinct entity, legal entity, separate entity See also: body, collection, item, materiality, person, totality Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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