Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “entity convention”

entity convention

noun [S]     LAW, ACCOUNTING
the idea that a business and its owners are treated as separate for the purposes of the accounts , so that the owners are not responsible for paying the company's debts
(Definition of entity convention noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of entity convention

Word of the Day

as husband and wife

in the same way as two people who are married

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More