natural person

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Natural Person

An individual belonging to the human race. In law, natural persons have rights, such as the right to own property, the right to enter into a contract, the right to vote, and the right to engage in commerce. Natural persons may be held liable for criminal and civil penalties. A natural person is distinguished from a juridical person, which is an artificial entity with some of the rights of a natural person.

natural person

An individual, as opposed to an artificial person like a corporation, partnership, or association.

References in periodicals archive ?
All natural persons undergo a screening conducted by the UAE Criminal Investigations Department (CID).
aThe introduction of the absolute limitation period of ten years for natural persons is an alternative solution aimed at avoiding the problem of the aeternal debtor,a GERB MPs state.
It took a certain amount of chutzpah (Yiddish for unmitigated gall) to argue that a limited liability company is a natural person and was intended to be insured by the insurer.
The population size of natural persons constantly changes.
Natural persons may transfer not more than GEL60 thousand (approx.
January ended the trend of overdue arrearage volume reduction (on the loans of natural persons and not financial organizations), indicated in the recent months.
6111(b)(1), a material advisor is any person who provides any material aid, assistance or advice related to organizing, managing, promoting, selling, implementing, insuring or carrying out any reportable transaction, and who directly or indirectly derives income in excess of $50,000 for such advice or assistance, when substantially all the tax benefits are provided to natural persons ($10,000 in the case of listed transactions), and $250,000 in any other case ($25,000 in the case of listed transactions).
38) A $50,000 fee threshold applies if substantially all the tax benefits from the RT are provided to natural persons.
An illustrative, if imperfect, analogy to a merger is a marriage between two natural persons.
The National Registry of Natural Persons, a new office, whose mission is to create an identity document that will contain the vital statistics of Salvadoran citizens, such as date of birth and death, invites local and international firms to take part in a data and image processing project that will set the basis for the new identity document.
Role theories tend to conceive natural persons on analogy with actors (actors who are always on stage).
11 Volume of deposits attracted by the credit organizations from the natural persons