Business, Legal & Accounting Glossary
a formal organization of people or groups of people
(often in names) a group of people organized for a joint purpose.
n. any group of people who have joined together for a particular purpose, ranging from social to business, and usually meant to be a continuing organization. It can be formal, with rules and/or bylaws, membership requirements and other trappings of an organization, or it can be a collection of people without structure. An association is not a legally established corporation or a partnership. To make this distinction the term “unincorporated association” is often used, although technically redundant.
An association is any group of people operating together for a common purpose.
An unincorporated association is an association that has no distinct legal personality apart from its members. The law that applies to any unincorporated association is the law that applies to its members. However, an association that takes the form of a corporation (e.g. a registered company) is a distinct legal entity in its own right. This type of association may own land, sue, be sued, and enter into contracts as a separate ‘legal person’.
They were part of the same association so they needed to be able to work together in a positive manner.
You need to make sure that you do not have anyone with a bad reputation involved with your association in any way.
When our company CEO was accused of wrongdoing, a group of lower executives met as an association to decide whether to confront the board of directors about removing him from office.
Advanced Detection System
group health insurance
LLP
memorandum and articles of association
federal agency securities
total monthly housing costs
EU
Bank Card Association
Federal Land Bank
Institute For Supply Management (ISM)
International Development Association
Managed Funds Association (MFA)
Bank Card Association
National Association of Investors Corporation
Securities Industry and Financial Markets Association
memorandum and articles of association
National Introducing Brokers Association (NIBA)
Securities Industry Association
National Association of Certified Valuation Analysts (NACVA)
New York Clearing House Association
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This glossary post was last updated: 7th November, 2021 | 0 Views.