Business, Legal & Accounting Glossary

Definition: Group


Quick Summary of Group

An Economic entity formed by parent and one or more subsidiaries.

What is the dictionary definition of Group?

Dictionary Definition

A group is a number of people or things that are located, gathered, or classed together.


  • A collection of individuals who have regular contact and frequent interaction, mutual influence, common feeling of camaraderie, and who work together to achieve a common set of goals.
  • A number of things or persons being in some relation to one another.
  • group theory A set with an associative binary operation, under which there exists an identity element, and such that each element has an inverse.
  • geometry, archaic An effective divisor on a curve.
  • Mathematics: A subdivision of a set.

Full Definition of Group

In accounting, a group refers to an economic entity formed by a  parent and one or more subsidiaries.

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
Modern Language Association (MLA):
Group. Payroll & Accounting Heaven Ltd.
January 26, 2022
Chicago Manual of Style (CMS):
Group. Payroll & Accounting Heaven Ltd. (accessed: January 26, 2022).
American Psychological Association (APA):
Group. Retrieved January 26, 2022
, from website:

Definition Sources

Definitions for Group 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: 12th December, 2019 | 12 Views.