Definition of legal entity in English:
legal entity
nounPlural legal entities
Law An individual, company, or organization that has legal rights and obligations.
constituency associations are separate legal entities from the party
Example sentencesExamples
- Under Irish law, a partnership is not a legal entity in itself.
- I agree with you on the point that corporations are just legal entities allowing shareholders to act collectively under a certain legal regime.
- A consumer may get five different quotes from five different insurers without knowing that they are all from the same legal entity.
- Through trusts, foundations or an existing corporation, individual wealth ownership can be transferred from people to other legal entities.
- Incorporating gives birth to a legal entity which will exist at arm's length from your personal finances.