Legal Dictionary of Pakistan

guild.

1. Hist. 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. 2. Hist. A company or corporation. 3. 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.