Business Loans Glossary: Corporation

Business Loans Glossary: Corporation

A legal entity, chartered by a U.S. state or the federal government, and separate and distinct from the persons who own it. It is regarded by the courts as an artificial person; it may own property, incur debts, sue or be sued.





Other terms explained in the Business Loans Glossary

0 votes so far for this article. Did this article help you? YES NO

Send this article by email
or Close

Leave a comment
or Close

Main Page Article Id: 56 - Version: 3 - Created: 25-02-2008 - Last Updated: 26-03-2008 - Hits: 267   
Categories: Glossary

Comments

No comments yet!

Powered By mosKnowledgebase.