Corporation

A legal " person" that is separate and distinct from its owners. A corporation is allowed to own assets, incur liabilities, and sell securities, among other things. The New York Times Financial Glossary

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corporation cor‧po‧ra‧tion [ˌkɔːpəˈreɪʆn ǁ ˌkɔːr-] written abbreviation corp. noun [countable] ORGANIZATIONS
1. a large company or group of companies acting together as a single organization:

• the Sony Corporation

• Mesa has completed its conversion from a partnership to a corporation.

2. in Britain, a large company or a public organization:

• the British Steel Corporation

• the Corporation of the City of London

• the British Broadcasting Corporation

de ˌfacto corpoˈration LAW
in the US, a corporation that has not been properly formed according to law, but is allowed to exist as if it has been
deˌvelopment corpoˈration ORGANIZATIONS
a government organization responsible for a development area:

• The Teesside Development Corporation has planning powers over the site.

ˌglobal corpoˈration ORGANIZATIONS
a corporation that operates in countries all around the world:

• the market power of giant global corporations

multiˌnational corpoˈration ORGANIZATIONS
a corporation that operates in many different countries:

• He contrasts strongly the modern global corporation with the ageing multinational corporation.

ˌprivate corpoˈration ORGANIZATIONS
1. a corporation owned by people or other companies, rather than by the government:

• She opposes government aid to private corporations.

2. a corporation whose shares are not available for sale, for example because they are owned by the person who started the company:

• his private corporation, in which he and his wife are sole shareholders

ˌpublic corpoˈration
1. ORGANIZATIONS a corporation that is owned and managed by the government:

• Latin American governments are privatizing loss-making public corporations.

2. ORGANIZATIONS FINANCE a corporation with shares that are traded on a stockmarket:

• Granada Corp. rolled 11 limited partnerships into two public corporations, one of which is Granada BioSciences.

3. an organization established by the national government or a state for a particular purpose, but not to make money:

• the Job Development Authority, a public corporation

ˌvirtual corpoˈration TELECOMMUNICATIONS COMMERCE ORGANIZATIONS
a group of independent organizations that work together through computer networks to achieve their aim; = VIRTUAL ORGANIZATION:

• No longer restricted to a physical location, virtual corporations can reach the entire world and offer their services locally, nationally, or worldwide.

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corporation UK US /ˌkɔːpərˈeɪʃən/ noun [C]
(ABBREVIATION Corp.) WORKPLACE a large company, or a group of companies that are controlled as a single organization: »

Whether you work for a large corporation or small company, following these easy guidelines can help you to succeed.

a global/multinational corporation »

It is a global corporation with over 416,000 employees in 190 countries.

See also INCORPORATE(Cf. ↑incorporate)
See Note COMPANY(Cf. ↑company)
GOVERNMENT in the UK, a public organization: »

The city formed a nonprofit local government corporation.

»

British Airways was a public corporation at that time.

See also CLOSELY HELD COMPANY(Cf. ↑closely held company), DE FACTO CORPORATION(Cf. ↑de facto corporation), DEVELOPMENT CORPORATION(Cf. ↑development corporation), GLOBAL CORPORATION(Cf. ↑global corporation), MULTINATIONAL CORPORATION(Cf. ↑multinational corporation), INCORPORATE(Cf. ↑incorporate), PRIVATE CORPORATION(Cf. ↑private corporation), PUBLIC CORPORATION(Cf. ↑public corporation), VIRTUAL ENTERPRISE(Cf. ↑virtual enterprise)

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

  • Corporation — • An association recognized by civil law and regarded in all ordinary transactions as an individual. An artificial person Catholic Encyclopedia. Kevin Knight. 2006. Corporation     Corporation …   Catholic encyclopedia

  • corporation — [ kɔrpɔrasjɔ̃ ] n. f. • 1530; angl. corporation « réunion, corps constitué », du lat. médiév. corporari « se former en corps » 1 ♦ Hist. Association d artisans, groupés en vue de réglementer leur profession et de défendre leurs intérêts. ⇒… …   Encyclopédie Universelle

  • Corporation — Cor po*ra tion (k[^o]r p[ o]*r[=a] sh[u^]n), n. [L. corporatio incarnation: cf. F. corporation corporation.] A body politic or corporate, formed and authorized by law to act as a single person, and endowed by law with the capacity of succession;… …   The Collaborative International Dictionary of English

  • Corporation — (englisch – ‚Körperschaft‘ – von lateinisch corpus ‚Körper‘) steht für: eine Form der Aktiengesellschaft in Kanada, siehe Aktiengesellschaft (Kanada) eine Form der Aktiengesellschaft in den Vereinigten Staaten von Amerika (USA), siehe… …   Deutsch Wikipedia

  • Corporation$ — Studio album by Cancer Released 2004 Genre Death metal Length 21:13 …   Wikipedia

  • corporation, C — n. A corporation formed under Subchapter C of the Internal Revenue Code; also called a Subchapter C corporation. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • corporation — Under Title 11 U.S.C. Section 101: (9) The term corporation (A) includes (i) association having a power or privilege that a private corporation, but not an individual or a partnership, possesses; (ii) partnership association organized under a law …   Glossary of Bankruptcy

  • corporation, S — n. A small corporation that can have its taxable income taxed to its shareholders to avoid corporate income tax. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • corporation — [kôr΄pə rā′shən] n. [ME corporacioun < LL(Ec) corporatio, assumption of a body, incarnation < pp. of L corporare: see CORPORATE] 1. a legal entity that exists independently of the person or persons who have been granted the charter creating …   English World dictionary

  • Corporation — Corporation. Verbindung physischer Personen zu einer einzigen juristischen Person; das Vermögen gehört ausschließlich ihr; sie allein wird Gläubiger und Schuldner, nicht die Mitglieder (Gemeinden, Gilden, Zünfte, Klöster, Universitäten,… …   Herders Conversations-Lexikon

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