entity convention Meaning in the Cambridge English Dictionary
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Meaning of “entity convention” in the English Dictionary

"entity convention" in Business English

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entity conventionnoun [S]

uk   us   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 from the Cambridge Business English Dictionary © Cambridge University Press)
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