legal age

legal age definition - business

legal age

The age at which a person legally becomes an adult and assumes all the rights and responsibilities thereof. This includes the right to enter into a contract and the responsibility to live up to its conditions. Also called majority.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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