Business definition of business by the free dictionary. Corporation definition entrepreneur small business encyclopedia. Definition of corporation noun in oxford advanced learners dictionary. The oxford english dictionary defines a business manager as a person who manages the business affairs of an individual, institution, organization, or company. Corporations enjoy most of the rights and responsibilities that an individual possesses. This limit on costs is closely linked to the quality of the book of business a carrier has acquired and varies by carrier across the spectrum of all books of business in the industry. But it is equally persuasive to conclude that in the close corporation setting corporate law and contract law reach the same conclusion regarding what is the optimal. Default definition and meaning collins english dictionary. Nonprofit corporations, contrary to their name, can make a profit but can. Corporation meaning in the cambridge english dictionary.
Corporate entity definition of corporate entity by the free. A dictionary of business and management jonathan law. In business, there are many different people you have to answer to. Business is work relating to the production, buying, and selling of goods or services. Moreover, this edition includes a number of illustrations. Corporate governance is the way a corporation polices itself. Corporation definition entrepreneur small business. Profit can be made on paper and even in other currency systems such as cryptocurrencies. This wideranging and authoritative dictionary contains over 7,100 entries covering all areas of business and management, including marketing, organizational behaviour, business strategy, law, and taxation. Firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its. Published by houghton mifflin harcourt publishing company. Firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its owners. Non profit corporation law and legal definition uslegal.
Protecting reasonable expectations has the ring of contract law, so that we might conclude that, at least in the close corporation, contract and not governance is central because the protected interest arises from the bargain. Institution definition is an established organization or corporation such as a bank or university especially of a public character. However, profit can include other items of value, such as credit, and items and services that are exchanged in lieu of money. The definition of business is an occupation or trade and the purchase and sale of products or. They should have working knowledge of the following areas, and may be a. More than 5,000 terms related to stocks, bonds, mutual funds, banking, tax laws, and transactions in the various financial markets are presented alphabetically with descriptions. Corporation definition of corporation by merriamwebster. The definition of business ethics is the set of moral rules that govern how businesses operate, how business decisions are made and how people are treated. Many businesses small ones in particular make the decision to seek some type of legal and liability protections, as well as special tax treatment. If a person, company, or country defaults on something that they have legally agreed to. Business dictionary definition business defined yourdictionary. A relationship management technique used by businesses in order to maintain a closer connection with highvalue customers.
Book of business definition in the cambridge english. Business definition is a usually commercial or mercantile activity engaged in as a means of livelihood. Compare manager business managers drive the work of others if any in order to operate efficiently and in the case of forprofit companies to make a profit. As a client relations management tool, it helps insurers keep track of all of their policyholders, their subsequent coverage obligations, and make relevant business decisions. Wysong contended that he had a separate oral agreement with kolberg, whereby he purchased the book of business according to the terms of kolbergs handwritten fact sheet listing the income earned from the books policies and the amount that plaintiff would be required to pay kolberg to take custody of it. Our company should create a book of business as we need to know who our key customers are so that we can provide. More than 5,000 terms defined and explained barrons business dictionaries out of printlimited availability. Dictionary of finance and investment terms barrons.
Definition of books of business in the financial dictionary by free online english dictionary and encyclopedia. Dictionary of business and economics terms barrons business dictionaries friedman ph. The general definition of a business is when a person or organization profits by providing goods or services in exchange for money. A corporation is an organizationusually a group of people or a company authorized by the state to act as a single entity a legal entity. Nonprofit corporation definition entrepreneur small. The amount of owners equity or stockholders equity reported on a companys balance sheet. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Business in croatian englishcroatian dictionary glosbe. Corporation legal definition of corporation legal dictionary. A legal entity organized under state laws that is considered separate from its owners. Business documents legal definition of business documents. A book of business, in the context of insurance, is a database or book that lists all of the insurance policies the insurance company has written. Books of business financial definition of books of business.
Corporation definition is a group of merchants or traders united in a trade guild. If you are in any way involved in business, this is a must have. This discussion will limit consideration of subchapter s corporations s corporations in order to minimize an already complex comparison. Corporations are owned by their stockholders shareholders who share in profits and losses generated through the firms operations, and have three distinct characteristics 1 legal.
In short, it is a method of governing the company like a sovereign state, instating its own customs, policies and laws to its employees from the highest to the lowest levels. Non profit corporation law and legal definition a nonprofit corporation is a corporation formed to carry out a charitable, educational, religious, literary or scientific purpose. Non profit corporation law and legal definition uslegal, inc. Our company should create a book of business as we need to know who our key customers are so that we can provide the appropriate levels of support and ensure ongoing favorable business. Covers all areas of business and management, including marketing, organizational behaviour.
Corporate dictionary definition corporate defined yourdictionary. Business meaning in the cambridge english dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Jargon descriptive of a method of reasoning or studying a problem, in which the methods and procedures, as such, are not described, explained, or perhaps even understood. Book of business financial definition of book of business. Businessdictionary is a free easytouse free business glossary with over 30,000 definitions that span across critical businessrelated topics including. Buy products related to business dictionary products and see what customers say. Businessethics dictionary definition businessethics. S corporations are distinct legal entities created under state law.
A corporation is a legal entity that is separate and distinct from its owners. Davincis business is underwritten sidebyside with renaissance res existing propertycatastrophe books of business. When you ask for more info about a city youre visiting, you might want to know about its history, its public transportation, or its best restaurants. Book depreciation a decrease or loss in value of a companys assets. A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. In other words, it is one of those books that makes sense for people in the. You can complete the list of synonyms of business solutions given by the english thesaurus dictionary with other english dictionaries. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to general motors. Dictionary term of the day articles subjects businessdictionary. In this article, the phrase close corporation will be used by the authors to reference one that is statutorily created, and the phrase closely held corporation will be used to reference one that is created by virtue of its attributes. A business organization owned by a group of stockholders, each of whom enjoys limited. Profit can be made on paper and even in other currency systems.
Wikipedia, lexilogos, oxford, cambridge, chambers harrap, wordreference, collins lexibase dictionaries, merriam webster. Business managers drive the work of others if any in order to operate efficiently and in the case of forprofit companies to make a profit. Corporate entity synonyms, corporate entity pronunciation, corporate entity translation, english dictionary definition of corporate entity. Aug 27, 2019 the general definition of a business is when a person or organization profits by providing goods or services in exchange for money. This is not an indication of the companys fair market value. Corporate books and records means the originals or copies of all of the books, records, data and information relating to the assets, properties, business, conduct and operations of the seller subsidiaries, including all licenses held by the insurance company subsidiaries, and all such items relating to each seller subsidiarys legal existence, stock ownership, corporate management or other. This is typically done through adopting a business organization form that will effectively separate the business owners from the business. In this example, the accumulated depreciation was calculated by determining the depreciation amount per month, and multiplying it by the number of months the asset was in use as of 12312016. The definition of a small business is an independently owned and operated company that is limited in size and in revenue depending on the industry. They enable business owners to separate themselves, legally and financially, from the business itself. Business definition and meaning collins english dictionary.
Book of business how is book of business abbreviated. Also pluralised archives meaning the same, and referring to the place of storage. A c corporation is a legal structure that businesses can choose to organize themselves under to limit their owners legal and financial liabilities. Dictionary of business and economics terms barrons business dictionaries paperback may 1, 2012. Nov 29, 2017 a book of business, in the context of insurance, is a database or book that lists all of the insurance policies the insurance company has written. Forever odd is a direct sequel to 2003s odd thomas, the book in which we were. Search business solutions and thousands of other words in english definition and synonym dictionary from reverso. Wysong contended that he had a separate oral agreement with kolberg, whereby he purchased the book of business according to the terms of kolbergs handwritten fact sheet listing the income earned from the book s policies and the amount that plaintiff would be required to pay kolberg to take custody of it. A corporation is an organizationusually a group of people or a companyauthorized by the state to act as a single entity a legal entity. Corporation definition, an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
A business organization that serves some public purpose and therefore enjoys special treatment under the law. Stock book definition, a permanent record of the capital stock of a corporation, listing the names and addresses of the stockholders, the number of the shares owned, the serial numbers of their stock certificates, etc. Company registers or other statutory records of a firm. A legal entity, allowed by legislation, which permits a group of people, as shareholders, to apply to the government for an independent organization to be created, which can then focus on pursuing set objectives, and empowered with legal rights which are usually only reserved for individuals, such as to sue and be sued, own property, hire employees or loan and borrow money. In its sixth edition, it features the very latest developments, such as those relating to information technology including mobile technology, and the financial crisis and the subsequent.
Early incorporated entities were established by charter i. Definition of corporate books and records law insider. Dictionary of business terms barrons business guides. Smallbusiness dictionary definition smallbusiness defined. This book deals mainly with the purchase of business assets from a corporate. Business is the activity of making ones living or making money by producing or buying and selling products such as goods and services.
Dictionary of business and economics terms barrons business dictionaries. The dictionary of business terms is an excellent reference for business people, educators, and students, alike. While it is relatively small, it provides concise, easy to understand definitions for some 7000 business terms. A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors. Best of all, it can fit quite easily in your pocket. A dictionary of business is a revised and expanded edition of a concise dictionary of business, first published in 1990. In this new edition the number of entries has increased to over 6,000, compared to the 4,000 in the original edition. Institution definition of institution by merriamwebster. Includes over 7,100 entries over 100 new to this edition including bitcoin, cogs ladder, mobile commerce, six sigma, social media, theory of institutional deficiencies, and zerohours contract. Dictionary of business and economics terms barrons business. The definition of corporate is something related to a business group or a business that operates as a single legal unit.
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