from Wiktionary, Creative Commons Attribution/Share-Alike License.
- noun law A
business entitythat is treated as a corporation for certain purposes despite its failure to meet all of the formal requirementsimposed by lawfor a corporation to exist.
Sorry, no etymologies found.
Help support Wordnik (and make this page ad-free) by adopting the word de facto corporation.
Sorry, no example sentences found.
Log in or sign up to get involved in the conversation. It's quick and easy.