club
n. An association regulated by rules that bind its members according to the law of contract. Club property is either vested in trustees for the members (members’ club) or owned by a proprietor (often a company limited by guarantee; see limited company) who operates the club as a business for profit (proprietary club). The committee is usually liable for club debts in the case of a members’ club; the proprietor in the case of a proprietary club. |