Entity
Type: noun
Pronunciation: /en-ti-tee/
Also spelled or known as: Legal Entity, Business Entity
Plural: Entities
Related: Company
What does Entity mean? A legally recognized individual or organization capable of owning property, entering contracts, and conducting business.
In the music industry, entities may include artists operating as businesses, record labels, publishers, distributors, performing rights organizations, and limited liability companies.
Entity synonyms: Legal Entity, Business Entity, Organization
Example sentence: “The publishing rights were transferred to a new legal entity.”
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