unregulated organization JUST WRITTEN FOR YOU
/ʌnˌrɛɡʌˈleɪtɪd ˌɔrɡəˈnaɪzəɪʃən/ · un.reg.u.la.ted.or.ga.ni.za.tion
noun
- A group or entity that operates independently, without external oversight or control, and is not subject to government regulations or industry standards. The unregulated organization was accused of violating environmental laws and was subsequently shut down by authorities.
- A business or entity that operates outside of traditional regulatory frameworks, often taking advantage of loopholes or ambiguities in the law. The unregulated organization's innovative approach to finance was both praised and criticized by industry experts.
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Did you know? The term 'unregulated organization' gained prominence in the early 21st century, particularly in the context of financial institutions and their role in the 2008 global financial crisis.