Meaning & Definition of word "Corporation"

Corporation

/ˌkɔːr.pəˈreɪ.ʃən/

1. A legal entity that is separate and distinct from its owners, typically formed to conduct business.
- Example: The corporation filed for bankruptcy after several years of financial losses.
2. A group of people authorized to act as a single entity (a legal person) and recognized as such in law.
- Example: The nonprofit corporation aims to provide educational resources to underprivileged communities.
3. The act of forming a legal corporation or the state of being incorporated.
- Example: The corporation of the new tech startup took place last month.
4. A large company or group of companies that operates on a global scale.
- Example: The corporation has offices in over 50 countries worldwide.

From Latin 'corporatio', meaning 'body' or 'form'.

multinational corporation:

A corporation that operates in multiple countries.

corporate culture:

The beliefs and behaviors that determine how a company's employees and management interact.

corporate governance:

The system by which companies are directed and controlled.

incorporation:

The legal process of forming a corporation.

CEO:

Chief Executive Officer, the highest-ranking person in a company.

shareholder:

An owner of shares in a corporation.

Meaning: The suits

Example Sentence: The suits at the corporation decided to cut costs.

Meaning: Corp

Example Sentence: He's working for a big corp now.