entity

views updated Jun 11 2018

en·ti·ty / ˈentitē/ • n. (pl. -ties) a thing with distinct and independent existence: church and empire were fused in a single entity. ∎  existence; being: entity and nonentity.DERIVATIVES: en·ti·ta·tive / -ˌtātiv/ adj. ( chiefly Philos. )

Entity

views updated May 23 2018

ENTITY

A real being; existence. An organization or being that possesses separate existence for tax purposes. Examples would be corporations, partnerships, estates, and trusts. The accounting entity for which accounting statements are prepared may not be the same as the entity defined by law.

Entity includes corporation and foreign corporation; not-for-profit corporation; profit and not for-profit unincorporated association;business trust, estate, partnership, trust, and two or more persons having a joint or common economic interest; and state, U.S., and foreign governments.

An existence apart, such as a corporation in relation to its stockholders.

Entity includes person, estate, trust, governmental unit.

entity

views updated May 21 2018

entity XVI. — F. entité or medL. entitās, f. L. ENS, ent-; see -ITY.

entity

views updated May 29 2018

entity In programming, any item, such as a data item or statement, that can be named or denoted in a program.