Just call us Bond. Amortized bond.
Over 700 finance terms, Shmooped to perfection.
Thing. That's what it means. Really.
So what does it have to do with finances? Well, it gets used in contracts a lot—basically anytime legalese makes an appearance. For example, "business entity" is used when describing what kind of business a person is setting up (corporation? non-profit?). It can also be used when describing a separate part of a business (a division or department).
So yeah, it's a weird entity.