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: an association of persons for carrying on a commercial or industrial enterprise compare corporation, partnership
: a company that makes usually small short-term loans to individuals
: a company that grows at a greater rate than the economy as a whole and that usually directs a relatively high proportion of income back into the business
: a company whose sole function is to own and control other companies
: a company that earns income solely or primarily by holding and investing in securities issued by other companies or by government agencies
: a business organization whose capital is represented by shares owned by stockholders each of whom is personally liable for the company's debts
limited liability company
: an unincorporated company formed under applicable state statute whose members cannot be held liable for the acts, debts, or obligations of the company and that may elect to be taxed as a partnership
: an insurance company whose capital is owned by its policyholders
: a company that provides surety bonds for a fee
: a company and often a commercial bank acting as trustee for individuals and businesses and providing related financial or estate planning services
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.