what is considered an entity
Noun. 1. entity-that which is perceived or known or inferred to have its own distinct existence (living or nonliving). physical entity-an entity that has physical existence. abstract entity, abstraction-a general concept formed by extracting common features from specific examples.
An association, corporation, partnership, proprietorship, trust, or individual that has legal standing in the eyes of law. A legal entity has legal capacity to enter into agreements or contracts, assume obligations, incur and pay debts, sue and be sued in its own right, and to be held responsible for its actions.