Definition, Meaning & Synonyms

corporation

noun

/ˌkɔːr.pəˈreɪ.ʃən/

Definition

A corporation is a legal entity that is separate and distinct from its owners, typically formed to conduct business.

Examples

The corporation reported a significant increase in profits this quarter.
Many large corporations have a global presence and operate in various countries.
Shareholders influence the decisions of the corporation through voting.

Meaning

The term ‘corporation’ refers to an organization created by individuals to carry out commercial activities and is recognized as a single entity by law.