noun

corporation

kaw-puh-RAY-shuhn

noun

A company or organization recognized by law as a single legal entity, separate from its owners.

"The corporation reported record profits this quarter."

"She founded a corporation to protect her personal assets."

The governing body of a town or city.

"The corporation approved funding for the new library."

How to Use Corporation

Learner’s notes

In plain EnglishA business (or sometimes a town council) that the law treats as its own legal person, separate from the people who run it.

Common pairings

multinational corporation incorporate a corporation corporation tax

corporations plural

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The _____ reported record profits this quarter.

From Latin corporatio, "the forming of a body," from corporare, "to form into a body" — from corpus, "body".

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