entity convention Meaning in the Cambridge English Dictionary Cambridge dictionaries logo
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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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