Definition: Corporation

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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).


corporation (plural corporations)

  1. 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.
  2. The municipal governing body of a borough or city.
  3. (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


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