Corporation: meaning, definitions and examples
🏢
corporation
[ ˌkɔː.pəˈreɪ.ʃən ]
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
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
Word origin
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.