Usually means: Company existing only on paper.
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We found 6 dictionaries that define the word shell entity:

General (6 matching dictionaries)
  1. shell entity: Vocabulary.com
  2. shell entity: Dictionary.com
  3. shell entity: Rhymezone
  4. shell entity: FreeDictionary.org
  5. shell entity: Mnemonic Dictionary
  6. shell entity: TheFreeDictionary.com

Definitions from WordNet (shell entity)

noun:  a company that is incorporated but has no assets or operations


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