Definition - What does Natural Person mean?
A natural person is an actual person that is living and breathing, or who has passed on but was once a real person. This term is used in law to differentiate between a type of person that represents a company and an actual human being.
Justipedia explains Natural Person
Certain aspects of company law refer to businesses as legal persons or artificial persons. This is so common in law that there has to be a distinction between these terms.