Good standing definition

What does be in good standing mean? What is the definition of standing? A person or organization in good standing is regarded as having complied with all their explicit obligations, while not being subject to any form of sanction, suspension or disciplinary censure.

A business entity that is in good standing has unabated powers to conduct its activities, which can include business endeavors. The status of a member of a profession who is not suspended or disbarre and is registered with a proper authority and has paid any registration fees 2.

Status of a firm (or member of an organization) which is current with the payment of statutory dues and filing of required periodical reports. Definition of good standing : The state of an individual or a business being up to date or current on dividend payments, debt servicing, reporting. Oxford Dictionaries as In favour or on good terms with someone. Good Standing Law and Legal Definition Member in good standing is the status assigned to a member of an organization when he or she has remained current on organization dues and payments. Search in good standing and thousands of other words in English definition and synonym dictionary from Reverso.

Definition of certificate of good standing : A certificate issued by a proper authority in a ujrisdictionto verify that a corporation actually exists, has paid all its statutory dues, has met all filing requirements an therefore, is authorized. Good standing refers to a company or organization member which is up-to-date with the payment of statutory dues. We also use the term for a company or member that filed all its periodical reports.

A member in good standing is also current regarding the payment of state taxes and updating of licenses. The panel consists of 1attorneys who are members in good standing of the Bar of this District. Definition of In good standing In good standing means a person who is currently licensed and who does not have any restrictions placed on his or her license, or who is not on probation with a licensing agency or the National Registry for any reason. The expression good standing has its origin in Old English and Anglo-Saxon of before 9AD where it meant that a person was well-regarded in his community. The later meanings for persons and.

A Certificate of Good Standing is used to prove that a company is incorporated and authorised to undertake business in a particular state. Good is common as an adverb in informal speech, especially after forms of do: He did good on the test. She sees good with her new glasses.

This use does not occur in formal speech or edited writing, where the adverb well is used instead: He did well on the test. All consumers need to have a basic understanding of what it means to have an account in good standing. Generally, when an account is serviced according to the terms of the loan or contract, the account is said to be “in good standing.

This term does not have a standard definition defined by. Employee in Good Standing. If you say that something will stand someone in good stea you mean that it will be very useful to them in the future.

These two games here will stand them in good stead for the future. My years of teaching stood me in good stead. Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

Especially of a talent, ability, or experience, to prove particularly useful or beneficial to someone in the future. Janet is hoping her internship working in IT will stand her in good stead when she looks for a job after college. However it is recommended that you get someone of good standing in the community to do it.

A certificate of good standing will show among other things whether, at the time of issuing, there are any restrictions on the doctor’s practice. In the European Union these documents are known as certificates of current professional status.