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- Dictionarycorporation/ˌkɔːpəˈreɪʃn/
noun
- 1. a large company or group of companies authorized to act as a single entity and recognized as such in law: "the Cardiff Bay Development Corporation" Similar
- 2. a group of people elected to govern a city, town, or borough: British "the City of London Corporation" Similar
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A corporation is an organization —usually a group of people or a company —authorized by the state to act as a single entity (a legal entity recognized by private and public law as "born out of statute"; a legal person in a legal context) and recognized as such in law for certain purposes.
Jun 21, 2024 · A corporation is a legal entity that is separate and distinct from its owners. Under the law, corporations possess many of the same rights and responsibilities as individuals....
The meaning of CORPORATION is a group of merchants or traders united in a trade guild. How to use corporation in a sentence.
CORPORATION definition: 1. a large company or group of companies that is controlled together as a single organization: 2…. Learn more.
Corporation definition: an association 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.. See examples of CORPORATION used in a sentence.
Jul 15, 2024 · Corporation, specific legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business. Its features include limited liability and juridical personality, which means that the corporation itself as a fictive ‘person’ may sue and be sued and may make contracts.
CORPORATION meaning: a large business or organization that under the law has the rights and duties of an individual and follows a specific purpose.
Jun 10, 2016 · A corporation is a legal business entity in which the owners are protected from liability for the company’s actions and financial status.
The meaning of CORPORATE is formed into an association and endowed by law with the rights and liabilities of an individual : incorporated. How to use corporate in a sentence.
1. a group of people authorized by law to act as a legal personality and having its own powers, duties, and liabilities. 2. Also called: municipal corporation. the municipal authorities of a city or town. 3. a group of people acting as one body. 4. See public corporation.
