certificate of good standing


A legal status conferred by a state on a company incorporated within its jurisdiction that allows it to conduct business legitimately. The status is granted based on the company's current standing related to required state filings, fees and tax obligations. Also called certificate of authorization.

Use this term in a sentence

Browse Definitions by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
certificate of eligibility Certificate of Government Receipts (COUGRs)