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]
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 from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of entity convention?
Add Cambridge dictionaries to your browser to your website

Word of the Day


like hops (= dried fruit used to make beer)

Word of the Day


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