Corporation

/ˌkɔːr.pəˈreɪ.ʃən/

Meaning & Definition

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

Etymology

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

Common Phrases and Expressions

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.

Related Words

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.

Slang Meanings

The suits
The suits at the corporation decided to cut costs.
Corp
He's working for a big corp now.