Search Results for: governmental enterprise

enterprise

enterprise, n. 1. An organization or venture, esp. for business purposes. governmental enterprise. An enterprise undertaken by a governmental body, such as a parks department that creates a public park. — Also termed government enterprise. 2. Under federal anti-racketeering law, an individual, partnership, corporation, association, union, other legal entity, or group of individuals associated in

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governmental function

governmental function. Torts. A government agency’s conduct that is expressly or impliedly mandated or au-thorized by constitution, statute, or other law and that is carried out for the benefit of the general public. • Generally, a governmental entity is immune from tort liability for governmental acts. — Also termed governmental act; governmental activity. See PUBLIC-FUNCTION

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utility

utility. 1. The quality of serving some function that benefits society; meritoriousness. 2. Patents. Capacity to perform a function or attain a result claimed for protection as intellectual property. • In patent law, utility is one of the three basic requirements of patentability, the others being nonobviousness and novelty. In the calculation of damages for

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equipment

equipment, n. The articles or implements used for a specific purpose or activity (esp. a business operation). • Under the UCC, equipment includes goods if (1) the goods are used in or bought for a business enterprise (including farming or a profession) or by a debtor that is a nonprofit organization or a governmental subdivision

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