corporation meaning

[-eɪʃən]

[ˈkɔːpəˈɹeɪʃən]

[ˌkɔɹpəˈɹeɪʃən]

WCorporation

A corporation is a company or group of people authorized to act as a single entity (legally a person) and recognized as such in law. Early incorporated entities were established by charter (i.e.
Corporations come in many different types but are usually divided by the law of the jurisdiction where they are chartered into two kinds: by whether or not they can issue stock, or by whether or not they are for profit.
Where local law distinguishes corporations by ability to issue stock, corporations allowed to do so are referred to as "stock corporations", ownership of the corporation is through stock, and owners of stock are referred to as "stockholders.

Definition of corporation in English Dictionary

NounPLcorporationsPREcor-SUF-ation
1. A group of individuals, 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.
  1. That the young Mr. Churchills liked—but they did not like him coming round of an evening and drinking weak whisky-and-water while he held forth on railway debentures and corporation loans. Mr. Barrett, however, by fawning and flattery, seemed to be able to make not only Mrs. Churchill but everyone else do what he desired.
More Examples
1. Used in the Middle of Sentence
  - Together, newly powerful shoppers and shareholders of this supercapitalism drove a decline in labor unions and a frenzy by corporations desperate to buy some market advantage in Washington.
  - Labor’s policies on ending tax breaks for high income superannuants and tax avoidance for multinational corporations are detailed, sound and electorally appealing.
  - Telstra Corporation was down 11 cents, or 3.17 per cent, at $3.36 continuing Friday's drop that followed a selldown by the Future Fund, the nation's sovereign wealth fund.
2. Used in the Ending of Sentence
  - Instead, the shares are held by a superentity called Cede & Company in an arrangement administered by the Depositary Trust and Clearing Corporation.