Definition: Corporation
Etymology
From Middle English corporacion, corporation, from Late Latin corporatio (assumption of a body), from Latin corporatus, past participle of corporare (to form into a body).
Noun
corporation (plural corporations)
- A body corporate, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
- The big tech companies are some of the world's largest corporations.
- The municipal governing body of a borough or city.
- (historical) In Fascist Italy, a joint association of employers' and workers' representatives.
Derived terms
- benefit corporation
- corporation aggregate
- corporation tax
- de facto corporation
- municipal corporation
- owners corporation
- quasi corporation
- shell corporation
- sole corporation
Related terms
- corporate
- incorporate
Credits
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