Entity Meaning. A legal entity is an individual or group that has legal rights and duties related to contracts agreements payments transactions obligations penalties and sues. Entity From Longman Dictionary of Contemporary English entity ˈentəti AWL noun plural entities countable formal something that exists as a single and complete unit being The.
In general there is also no presumption that an entity is animate. Something that has separate and distinct existence and objective or conceptual reality. Commerce an industrial commercial or professional operation.
The word entity originally meant being existence.
And was borrowed from Medieval Latin entitas from Latin ens irregular form of esse to be exist. Commerce an industrial commercial or professional operation. Affiliated Entity means any Person which i does not transact any substantial portion of its business or regularly maintain any substantial portion of its operating assets within the continental limits of the United States of America ii is principally engaged in the business of financing including without limitation the purchase holding sale or discounting of or lending upon any notes. Independent separate or self-contained existence.
