Entity

Business, Legal & Accounting Glossary

Definition: Entity


Quick Summary of Entity


that which is perceived or known or inferred to have its own distinct existence (living or nonliving)



What is the dictionary definition of Entity?

Dictionary Definition


n. a general term for any institution, company, corporation, partnership, government agency, university or any other organization which is distinguished from individuals.

  1. That which has a distinct existence as an individual unit. Often used for organisations which have no physical form.
  2. The existence of something considered apart from its properties.
  3. Anything about which information or data can be stored in a database; in particular, an organised array or set of individual elements or parts.
  4. The state or quality of being or existence.

Full Definition of Entity


An organization, institution or being that has its own existence for legal or tax purposes. An entity is often an organization with an existence separate from its individual members–for example, a corporation, partnership, trust, estate or government agency. The entity is treated like a person; it can function legally, be sued, and make decisions through agents.


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/entity/
Modern Language Association (MLA):
Entity. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. October 26, 2020 https://payrollheaven.com/define/entity/.
Chicago Manual of Style (CMS):
Entity. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/entity/ (accessed: October 26, 2020).
American Psychological Association (APA):
Entity. PayrollHeaven.com. Retrieved October 26, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/entity/

Definition Sources


Definitions for Entity 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: 28th April, 2020 | 9 Views.