corporation

[kɔːpəˈreɪʃn]

corporation Definition

• 1. a large company or group of companies that is legally recognized as a single entity and treated as such in law
• 2. a group of people elected to govern a city or town, especially a municipal council

Using corporation: Examples

Take a moment to familiarize yourself with how "corporation" can be used in various situations through the following examples!

• Example

  The corporation has offices in over 50 countries.

• Example

  She works for a multinational corporation.

• Example

  The corporation's profits have increased by 20% this year.

• Example

  The city corporation is responsible for maintaining the roads and public spaces.

corporation Synonyms and Antonyms

Synonyms for corporation

• company
• firm
• enterprise
• organization
• business

Idioms Using corporation

• corporate ladder

  a series of job positions within a company that lead to higher positions and greater responsibility

  Example

  He started at the bottom of the corporate ladder and worked his way up to CEO.

• corporate culture

  the values, beliefs, and practices that characterize a company

  Example

  The corporate culture at Google is known for being innovative and employee-friendly.

• corporate social responsibility

  the idea that companies have a responsibility to act in the best interests of society and the environment, as well as their shareholders

  Example

  Many corporations have adopted policies of corporate social responsibility in recent years.

Phrases with corporation

• public corporation

  a corporation owned and operated by the government

  Example

  The postal service is an example of a public corporation.

• private corporation

  a corporation owned and operated by private individuals or entities

  Example

  Apple Inc. is an example of a private corporation.

• multinational corporation

  a corporation that operates in multiple countries

  Example

  Coca-Cola is an example of a multinational corporation.

Origins of corporation

from Latin 'corpus', meaning 'body'

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Summary: corporation in Brief

A 'corporation' [kɔːpəˈreɪʃn] is a legally recognized entity that can consist of one or more companies. It is governed by a board of directors and is treated as a single entity in law. Examples include Apple Inc. and Coca-Cola. The term also refers to a group of people elected to govern a city or town, such as a municipal council.