Definition of livery company in English:

livery company

Line breaks: liv¦ery com|pany
Pronunciation: /ˈlɪvərikʌmpəni
 
/

noun

(In the UK) any of a number of Companies of the City of London descended from the medieval trade guilds. They are now largely social and charitable organizations.
More example sentences
  • During the mid 1800s, many colleges purchased their own barges, often from London livery companies, which they used as club rooms and moored alongside Christ Church meadow.
  • Ancient crafts met modern technology when members of a London livery company visited Clyde Naval Base.
  • Frequented by stockbrokers, trading and livery companies, insurance schemes (spurred by the fire of 1666) were initiated, ‘bubble’ schemes hatched, and ships' passages announced there.

Origin

mid 18th century: so named because of the distinctive costume formerly used for special occasions.

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