company

company
/'kʌmp(ə)ni/ noun
a business organisation, a group of people organised to buy, sell or provide a service, usually for profit
to put a company into liquidation to close a company by selling its assets for cash
to set up a company to start a company legally
COMMENT: A company can be incorporated (with memorandum and articles of association) as a private limited company, and adds the initials ‘Ltd’ after its name, or as a public limited company, when its name must end in ‘Plc’. Unincorporated companies are partnerships such as firms of solicitors, architects, accountants, etc., and they add the initials ‘Co.’ after their name.

Dictionary of banking and finance. 2015.

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