corporation

American  

[kawr-puh-rey-shuhn] / ˌkɔr pəˈreɪ ʃən /

noun

1. 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.

2. Corporation, the group of principal officials of a borough or other municipal division in England.

3. any group of persons united or regarded as united in one body.

4. Informal. a paunch; potbelly.

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corporation British  

/ ˌkɔːpəˈreɪʃən /

noun

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

5. informal a large paunch or belly

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corporation Cultural  

1. A business organization owned by a group of stockholders, each of whom enjoys limited liability (that is, each can be held responsible for losses only up to the limit of his or her investment). A corporation has the ability to raise capital by selling stock to the public.

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Grammar

See collective noun.

Other Word Forms

• corporational
  adjective
• multicorporation
  noun
• noncorporation
  noun
• subcorporation
  noun
• supercorporation
  noun

Etymology

Origin of corporation

First recorded in 1400–50; late Middle English, from Late Latin corporātiōn- (stem of corporātiō ) “guild,” Latin: “physical makeup, build”; see corporate, -ion

Explanation

Most of us think of corporations as companies — Amazon is one, Kellogg another, Disney a third. In reality, a corporation has a very particular legal meaning: it's a company that registers with a state government such that it has the same rights and responsibilities as a person. Know the word corpse? It means a dead body, and comes from the Latin corpus, "body." One way to remember corporation is that it turns a company into a body — a body that is considered a person in many respects in the eyes of the law. Corporations must pay taxes and follow laws. Because it is a separate entity, when a corporation fails, its employees and managers are not responsible for its debts.

Example Sentences

So viewers were understandably skeptical that the corporation had lovingly funded an anti-corporate guerrilla comedy special only to immediately suppress its circulation online.

From Salon • May 27, 2026

OpenAI later turned its for-profit business into a public-benefit corporation, known as a B Corp, controlled by its nonprofit arm.

From MarketWatch • May 18, 2026

That would be the best year for any corporation ever, according to Dow Jones Market Data.

From Barron's • May 14, 2026

Neighbors First was formed last fall as a nonprofit public benefit corporation, with San Rafael-based attorney Steven S. Lucas serving as its chief financial officer, according to paperwork filed with the secretary of state.

From Los Angeles Times • May 9, 2026

“I am candidate for corporation counsel,” he wrote.

From "The Devil in the White City" by Erik Larson

Related Words

• business
• company
• enterprise