non-profit-making organisation
- non-profit-making organisation
/'nɒn'prɒfɪt'meɪkɪŋ ɔ:gənaɪ'zeɪʃən/, non-profit organisation /nɒn 'prɒfɪt ɔ:gənaɪˌzeɪʃ(ə)n/ noun
an organisation (such as a club) which is not allowed by law to make a profit
● Non-profit-making organisations are exempted from tax.
(NOTE: Non-profit organisations include charities, professional associations, trade unions, and religious, arts, community, research, and campaigning bodies. The US term is non-profit corporation.)
Dictionary of banking and finance.
2015.
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