The legal entity
Example: Legal entity defines business as separate from its owners legally
Definition
"The legal entity" refers to an organization or business recognized by law as having its own rights and responsibilities, separate from those of its owners or members. It can enter contracts, own property, and be liable for debts independently.
Etymology
The term "the legal entity" combines 'legal,' from Latin 'legalis' meaning 'pertaining to law,' and 'entity,' from Latin 'entitas,' meaning 'being' or 'existence.' Together, they describe a distinct existence recognized by law, allowing a business or organization to act separately from individuals.
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"The legal entity" appears in the Vocaplus list "English - Entrepreneurship - (A1-C2) - set 1", containing 110 commonly used words.
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