Entity - Law Dictionary Search Results
Home Dictionary Name: entitylegal entity
legal entity : an entity (as a corporation or labor union) having under the law rights and responsibilities and esp. the capacity to sue and be sued ...
Legal entity
Legal entity, only a thing recognised by the law as real in itself and distinct from its qualities and attributes and, while every legal person is necessarily a legal entity, the converse is not true, Ittiavira Thomas v. Sankaranarayanan Kesavan Nampori of Manakkattu, AIR 1964 Ker 144....
Local distribution entity
Local distribution entity, means an entity authorised by the Board under section 20 to lay, build, operate or expand a city or local natural gas distribution network. [The Petroleum and Natural Gas Regulatory Board Act, 2006, s. 3(v)]...
entity
entity pl: -ties : an organization (as a business or governmental unit) that has a legal identity which is separate from those of its members see also alter ego, instrumentality, juridical person, legal person, pierce ...
Entity
Entity, means a person, association of persons, firm, company or co-operative society, by whatsoever name called or referred to, other than a dealer or distributor and engaged or intending to be engaged in refining, processing storage, transpor-tation, distribution, marketing, import and export of petroleum, petroleum products and natural gas including laying of pipelines for transportation of petroleum, petroleum products and natural gas, or laying, building, operating or expanding city or local natural gas distribution network or establishing and operating a liquefied natural gas terminal, the Petroleum and Natural Gas Regulatory Board Act, 2006, s. 2(p)....
Indian entity
Indian entity, means a company or a body corporate or a firm in India. [Foreign Exchange Management (Borrowing or Lending in Foreign Exchange) Regulations, 2000, Reg. 2 (e)...
beneficiary
beneficiary pl: -ries : a person or entity (as a charity or estate) that receives a benefit from something: as a : the person or entity named or otherwise entitled to receive the principal or income or both from a trust compare settlor, trustee contingent beneficiary : a beneficiary that may receive proceeds from a trust depending on the occurrence of a specified event (as the death of another beneficiary) income beneficiary : a beneficiary that according to the provisions of a trust is to receive income but not the principal of the trust NOTE: A trust may provide for income to be paid to someone (as a spouse) for his or her lifetime and then for payment of the principal to another person. A trustee is sometimes allowed to distribute some of the principal of the trust to an income beneficiary when necessary for the support of the beneficiary if support of the beneficiary was the purpose of the trust. b : the person or entity named by the insured of a life insurance policy to r...
agent
agent 1 : someone or something that acts or exerts power : a moving force in achieving some result 2 : a person guided or instigated by another in some action [where the heads of departments are the political…s of the executive, merely to execute the will of the president "Marbury v. Madison, 5 U.S. 137 (1803)"] see also innocent agent 3 a : a person or entity (as an employee or independent contractor) authorized to act on behalf of and under the control of another in dealing with third parties see also agency, fiduciary relationship, subagent compare fiduciary, principal, servant apparent agent : an agent acting under an agency by estoppel bar·gain·ing agent : a labor union that represents the employees in a bargaining unit in negotiating with their employer through collective bargaining business agent : an agent that handles business affairs for another person or organization ;esp : a paid official of a union who carries on union business between the employ...
parent
parent 1 a : a person who begets or brings forth offspring ;esp : the natural parents of a child born of their marriage NOTE: The biological father of an illegitimate child is usually not considered the child's parent absent a judicial determination of paternity. There have been exceptions, based mainly on the father's attitude toward, support of, or involvement with the child. b : a person who legally adopts a child c : a person or entity that owes to a child a legally imposed duty of support d : a stepparent where designated by statute 2 : an entity or group that gives rise to or acquires another usually subsidiary entity or group [a company] ;specif : a corporation that owns a required minimum percentage of the stock of another corporation compare affiliate parent adj pa·ren·tal [pə-ren-təl] adj pa·ren·tal·ly adv par·ent·less adj ...
partnership
partnership : an association of two or more persons or entities that conduct a business for profit as co-owners see also Uniform Partnership Act in the Important Laws section compare corporation, joint venture, sole proprietorship NOTE: Except in civil law as practiced in Louisiana, where a partnership, like a corporation, is considered a legal person, a partnership is traditionally viewed as an association of individuals rather than as an entity with a separate and independent existence. A partnership cannot exist beyond the lives of the partners. The partners are taxed as individuals and are personally liable for torts and contractual obligations. Each partner is viewed as the other's agent and, traditionally, is jointly and severally liable for the tortious acts of any one of the partners. commercial partnership : trading partnership in this entry family partnership : a partnership in which the partners are members of a family general partnership : a partnership in which ea...
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