Corporation: meaning, definitions and examples

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corporation

 

[ ˌkɔː.pəˈreɪ.ʃən ]

Noun
Context #1 | Noun

business organization

A corporation is a legal entity that is separate and distinct from its owners. It is formed by individuals, shareholders, or a group of individuals who come together to engage in a particular business activity. Corporations have the ability to enter into contracts, sue and be sued, own assets, and incur liabilities.

Synonyms

company, enterprise, firm.

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Word Description / Examples
corporation

Used to describe a large and often publicly traded business entity with a complex structure.

  • Apple is one of the most successful corporations in the tech industry.
  • The corporation announced a new round of investments.
company

A general term for any business, regardless of its size or structure. Suitable for both formal and informal situations.

  • She owns a small software development company.
  • The company has been in business for over 20 years.
firm

Commonly used to describe a professional business, especially in law, consulting, or finance. Often applied to small or specialized businesses.

  • She works for a prominent law firm in the city.
  • The consulting firm provided valuable insights for the project.
enterprise

Often used to describe a business focused on large-scale or entrepreneurial endeavors. Suitable for dramatic or ambitious contexts.

  • Elon Musk's latest enterprise aims to revolutionize space travel.
  • The new enterprise quickly became a market leader.

Examples of usage

  • A multinational corporation operates in multiple countries.
  • The corporation's board of directors is responsible for making major decisions.
  • The shareholders of the corporation elect the executives.
  • The corporation is required to file annual reports with the Securities and Exchange Commission.
  • The corporation was founded in the early 20th century.

Translations

Translations of the word "corporation" in other languages:

🇵🇹 corporação

🇮🇳 निगम

🇩🇪 Konzern

🇮🇩 korporasi

🇺🇦 корпорація

🇵🇱 korporacja

🇯🇵 株式会社

🇫🇷 corporation

🇪🇸 corporación

🇹🇷 şirket

🇰🇷 법인

🇸🇦 شركة

🇨🇿 korporace

🇸🇰 korporácia

🇨🇳 公司

🇸🇮 korporacija

🇮🇸 fyrirtæki

🇰🇿 корпорация

🇬🇪 კორპორაცია

🇦🇿 korporasiya

🇲🇽 corporación

Etymology

The word 'corporation' originates from the Latin word 'corporatio', which means 'a body of people'. The concept of a corporation dates back to ancient Rome and has evolved over centuries to its modern form. In the Middle Ages, corporations were often formed by royal charter to carry out specific functions. Today, corporations play a vital role in the global economy, providing a framework for business activities and facilitating investment and growth.

Word Frequency Rank

Positioned at #1,034, this word is part of core intermediate vocabulary. It appears regularly in various contexts and is essential for natural-sounding English.