Search business solutions and thousands of other words in english definition and synonym dictionary from reverso. In other words, it is one of those books that makes sense for people in the. Corporation definition entrepreneur small business encyclopedia. Best of all, it can fit quite easily in your pocket. Corporation definition entrepreneur small business. Wikipedia, lexilogos, oxford, cambridge, chambers harrap, wordreference, collins lexibase dictionaries, merriam webster. Corporation definition of corporation by merriamwebster. You can complete the list of synonyms of business solutions given by the english thesaurus dictionary with other english dictionaries.
Businessdictionary is a free easytouse free business glossary with over 30,000 definitions that span across critical businessrelated topics including. A c corporation is a legal structure that businesses can choose to organize themselves under to limit their owners legal and financial liabilities. In business, there are many different people you have to answer to. They enable business owners to separate themselves, legally and financially, from the business itself. Definition of corporation noun in oxford advanced learners dictionary. Book of business how is book of business abbreviated. Institution definition is an established organization or corporation such as a bank or university especially of a public character. Business is the activity of making ones living or making money by producing or buying and selling products such as goods and services. A corporation is a legal entity that is separate and distinct from its owners. This is typically done through adopting a business organization form that will effectively separate the business owners from the business.
Our company should create a book of business as we need to know who our key customers are so that we can provide. The amount of owners equity or stockholders equity reported on a companys balance sheet. Covers all areas of business and management, including marketing, organizational behaviour. Business definition and meaning collins english dictionary. A dictionary of business and management jonathan law. Businessethics dictionary definition businessethics. Compare manager business managers drive the work of others if any in order to operate efficiently and in the case of forprofit companies to make a profit. A dictionary of business is a revised and expanded edition of a concise dictionary of business, first published in 1990. A corporation is an organizationusually a group of people or a companyauthorized by the state to act as a single entity a legal entity. Corporate entity synonyms, corporate entity pronunciation, corporate entity translation, english dictionary definition of corporate entity. A business organization owned by a group of stockholders, each of whom enjoys limited. Dictionary term of the day articles subjects businessdictionary. Book depreciation a decrease or loss in value of a companys assets.
Corporate governance is the way a corporation polices itself. This limit on costs is closely linked to the quality of the book of business a carrier has acquired and varies by carrier across the spectrum of all books of business in the industry. Book of business financial definition of book of business. In its sixth edition, it features the very latest developments, such as those relating to information technology including mobile technology, and the financial crisis and the subsequent. However, profit can include other items of value, such as credit, and items and services that are exchanged in lieu of money. A business organization that serves some public purpose and therefore enjoys special treatment under the law.
Profit can be made on paper and even in other currency systems. Corporate books and records means the originals or copies of all of the books, records, data and information relating to the assets, properties, business, conduct and operations of the seller subsidiaries, including all licenses held by the insurance company subsidiaries, and all such items relating to each seller subsidiarys legal existence, stock ownership, corporate management or other. Company registers or other statutory records of a firm. Corporation definition, an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members. Business definition is a usually commercial or mercantile activity engaged in as a means of livelihood. Protecting reasonable expectations has the ring of contract law, so that we might conclude that, at least in the close corporation, contract and not governance is central because the protected interest arises from the bargain. Dictionary of business and economics terms barrons business dictionaries friedman ph.
A book of business, in the context of insurance, is a database or book that lists all of the insurance policies the insurance company has written. A relationship management technique used by businesses in order to maintain a closer connection with highvalue customers. The general definition of a business is when a person or organization profits by providing goods or services in exchange for money. Dictionary of business and economics terms barrons business. We use cookies to enhance your experience on our website, including to provide targeted advertising and track usage. Dictionary of business and economics terms barrons business dictionaries. A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. Early incorporated entities were established by charter i. Also pluralised archives meaning the same, and referring to the place of storage. More than 5,000 terms related to stocks, bonds, mutual funds, banking, tax laws, and transactions in the various financial markets are presented alphabetically with descriptions. A legal entity organized under state laws that is considered separate from its owners. Business documents legal definition of business documents. Default definition and meaning collins english dictionary. The oxford english dictionary defines a business manager as a person who manages the business affairs of an individual, institution, organization, or company.
Jargon descriptive of a method of reasoning or studying a problem, in which the methods and procedures, as such, are not described, explained, or perhaps even understood. Firm that meets certain legal requirements to be recognized as having a legal existence, as an entity separate and distinct from its owners. Forever odd is a direct sequel to 2003s odd thomas, the book in which we were. This is not an indication of the companys fair market value. Profit can be made on paper and even in other currency systems such as cryptocurrencies. In this example, the accumulated depreciation was calculated by determining the depreciation amount per month, and multiplying it by the number of months the asset was in use as of 12312016.
Business is work relating to the production, buying, and selling of goods or services. The definition of business is an occupation or trade and the purchase and sale of products or. The definition of business ethics is the set of moral rules that govern how businesses operate, how business decisions are made and how people are treated. A form of business operation that declares the business as a separate, legal entity guided by a group of officers known as the board of directors. If you are in any way involved in business, this is a must have. Wysong contended that he had a separate oral agreement with kolberg, whereby he purchased the book of business according to the terms of kolbergs handwritten fact sheet listing the income earned from the book s policies and the amount that plaintiff would be required to pay kolberg to take custody of it. Buy products related to business dictionary products and see what customers say. Book of business definition in the cambridge english.
A corporation is an organizationusually a group of people or a company authorized by the state to act as a single entity a legal entity. As a client relations management tool, it helps insurers keep track of all of their policyholders, their subsequent coverage obligations, and make relevant business decisions. Non profit corporation law and legal definition uslegal, inc. In this article, the phrase close corporation will be used by the authors to reference one that is statutorily created, and the phrase closely held corporation will be used to reference one that is created by virtue of its attributes. This discussion will limit consideration of subchapter s corporations s corporations in order to minimize an already complex comparison. S corporations are distinct legal entities created under state law. Business meaning in the cambridge english dictionary. In this new edition the number of entries has increased to over 6,000, compared to the 4,000 in the original edition. Business managers drive the work of others if any in order to operate efficiently and in the case of forprofit companies to make a profit. While it is relatively small, it provides concise, easy to understand definitions for some 7000 business terms. A nonprofit can raise funds by receiving public and private grant money and donations from individuals and companies. Corporation meaning in the cambridge english dictionary. Non profit corporation law and legal definition a nonprofit corporation is a corporation formed to carry out a charitable, educational, religious, literary or scientific purpose.
Moreover, this edition includes a number of illustrations. Corporations are owned by their stockholders shareholders who share in profits and losses generated through the firms operations, and have three distinct characteristics 1 legal. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Nov 29, 2017 a book of business, in the context of insurance, is a database or book that lists all of the insurance policies the insurance company has written. Dictionary of finance and investment terms barrons. Info is a fact or many facts about a person or a thing. Business in croatian englishcroatian dictionary glosbe. Published by houghton mifflin harcourt publishing company.
They should have working knowledge of the following areas, and may be a. Corporations enjoy most of the rights and responsibilities that an individual possesses. This wideranging and authoritative dictionary contains over 7,100 entries covering all areas of business and management, including marketing, organizational behaviour, business strategy, law, and taxation. A legal entity, allowed by legislation, which permits a group of people, as shareholders, to apply to the government for an independent organization to be created, which can then focus on pursuing set objectives, and empowered with legal rights which are usually only reserved for individuals, such as to sue and be sued, own property, hire employees or loan and borrow money. Dictionary of business terms barrons business guides. In short, it is a method of governing the company like a sovereign state, instating its own customs, policies and laws to its employees from the highest to the lowest levels. Davincis business is underwritten sidebyside with renaissance res existing propertycatastrophe books of business.
Our company should create a book of business as we need to know who our key customers are so that we can provide the appropriate levels of support and ensure ongoing favorable business. Wysong contended that he had a separate oral agreement with kolberg, whereby he purchased the book of business according to the terms of kolbergs handwritten fact sheet listing the income earned from the books policies and the amount that plaintiff would be required to pay kolberg to take custody of it. Many businesses small ones in particular make the decision to seek some type of legal and liability protections, as well as special tax treatment. Aug 27, 2019 the general definition of a business is when a person or organization profits by providing goods or services in exchange for money. When you ask for more info about a city youre visiting, you might want to know about its history, its public transportation, or its best restaurants. Institution definition of institution by merriamwebster. Corporate entity definition of corporate entity by the free. Corporate dictionary definition corporate defined yourdictionary. Stock book definition, a permanent record of the capital stock of a corporation, listing the names and addresses of the stockholders, the number of the shares owned, the serial numbers of their stock certificates, etc. But it is equally persuasive to conclude that in the close corporation setting corporate law and contract law reach the same conclusion regarding what is the optimal. The definition of corporate is something related to a business group or a business that operates as a single legal unit. Definition of corporate books and records law insider.
Nonprofit corporation definition entrepreneur small. Non profit corporation law and legal definition uslegal. Corporation legal definition of corporation legal dictionary. This book deals mainly with the purchase of business assets from a corporate. Business definition of business by the free dictionary. Includes over 7,100 entries over 100 new to this edition including bitcoin, cogs ladder, mobile commerce, six sigma, social media, theory of institutional deficiencies, and zerohours contract. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to general motors. Dictionary of business and economics terms barrons. The dictionary of business terms is an excellent reference for business people, educators, and students, alike. More than 5,000 terms defined and explained barrons business dictionaries out of printlimited availability.
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