definition of the word corporation

< Late Latin corporatio (“‘assumption of a body’”) < Latin coporare, pp. corporatus (“‘to form into a body’”); see corporate.

•  Audio (US)^{help, file}

• Rhymes: -eɪʃǝn
• IPA: /'kɔːpoˈreɪʃn/

corporation (plural corporations)

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.
2. In Fascist Italy, a joint association of employers' and workers' representatives.
3. (slang) A protruding belly; a paunch.

paunch

• 1918, Katherine Mansfield, Prelude, Selected Stories, Oxford World's Classics paperback 2002, page 91

  'You'd be surprised,' said Stanley, as though this were intensely interesting, 'at the number of chaps at the club who have got a corporation.

• corporate veil
• British Broadcasting Corporation

• corporate

Definition from Wiktionary Content avaible with GNU Free Documentation License

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