Definition of legal entity
legal entity (plural legal entities)
- an organization such as a company or trust fund that the law treats as if it were a person, capable of entering into contracts and of being sued
The term legal entity is used:
- to refer to a juristic person, an artificial entity that the law treats for some purposes as if it were a person, such as an incorporated organization.
- as a general term to describe all entities recognized by the law, including both juristic and natural persons.
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