Definition, Meaning & Synonyms

legitimate-business

noun

lɪˈdʒɪtɪmət ˈbɪznəs

Definition

A legitimate business is an enterprise that operates according to the laws and regulations governing its activities, providing goods or services in a lawful and ethical manner.

Examples

The startup was praised for its legitimacy, being classified as a legitimate-business.
Investors are always interested in funding legitimate businesses that contribute positively to the economy.
Before you invest, make sure it’s a legitimate business by checking its licensing and credentials.

Meaning

The term refers to businesses that are recognized as being lawful and genuine, as opposed to those that might be involved in illegal or fraudulent activities.