A company with a state charter. They earn this by fulfilling all of the formation requirements that make it legal for the company to do business.

These companies that fully form are recognized under the law as a company for all needs or purposes.

Previous Terms: 1031 Exchange, 1035 Exchange, AARP, Abeyance, Abstraction Principle, Accelerated Amortization, Acceptance Credit, Acceptance of a Bill of Exchange, Accommodation Bill, Accommodation Endorser