Association

Business, Legal & Accounting Glossary

Definition: Association


Quick Summary of Association


a formal organization of people or groups of people



What is the dictionary definition of Association?

Dictionary Definition


(often in names) a group of people organized for a joint purpose.

  1. The act of consorting with or joining with others.
  2. (ecology) a group of organisms (plants and animals) that live together in a certain geographical region and constitute a community with a few dominant species.
  3. A formal organization of people or groups of people.
  4. The process of bringing ideas or events together in memory or imagination.
  5. (chemistry) any process of combination (especially in solution) that depends on relatively weak chemical bonding.
  6. A social or business relationship.
  7. A relation resulting from interaction or dependence.
  8. The state of being connected together as in memory or imagination.

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.


Full Definition of Association


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’.


Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/association/
Modern Language Association (MLA):
Association. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. December 03, 2020 https://payrollheaven.com/define/association/.
Chicago Manual of Style (CMS):
Association. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/association/ (accessed: December 03, 2020).
American Psychological Association (APA):
Association. PayrollHeaven.com. Retrieved December 03, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/association/

Definition Sources


Definitions for Association are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 26th April, 2020 | 1 Views.