Meaning & Definition of word "Corporation"
Corporation
/ˌkɔːr.pəˈreɪ.ʃən/
noun:
- 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.
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 of 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.