GUILD
guild. 1. A group of persons sharing a common vocation who unite to regulate the affairs of
their trade in order to protect and promote their common vocation; specif., a voluntary society or
fraternity of persons employed in the same trade or craft, formed for the mutual benefit and
protection of its members, who pay a fee (a geld or gild) for its general expenses. — Also termed
trade guild. 2.Hist. A company or corporation. [Blacks Law 8th]