LIMITED LIABILITY is one that does not go beyond the owners investment in the business.
ACCOUNTING ENTITY is an organization, institution or being that has its own existence for legal or tax purposes. An accounting entity is often an organization with an existence separate from its individual members--for example, a corporation, partnership, trust, etc. See also ACCOUNTING ENTITY ASSUMPTION.
FUND is a pool of money normally set apart for a purpose, for example, a pension fund to provide pensions.
Enter a term, then click the entry you would like to view.