Meaning of legal entity in English:

legal entity

nounplural noun legal entities

Law
  • An individual, company, or organization that has legal rights and obligations.

    ‘constituency associations are separate legal entities from the party’
    • ‘Under Irish law, a partnership is not a legal entity in itself.’
    • ‘A consumer may get five different quotes from five different insurers without knowing that they are all from the same legal entity.’
    • ‘Through trusts, foundations or an existing corporation, individual wealth ownership can be transferred from people to other legal entities.’
    • ‘Incorporating gives birth to a legal entity which will exist at arm's length from your personal finances.’
    • ‘I agree with you on the point that corporations are just legal entities allowing shareholders to act collectively under a certain legal regime.’