corporation

cor·po·ra·tion

noun \ˌkȯr-pə-ˈrā-shən\

Definition of CORPORATION

1

a : a group of merchants or traders united in a trade guild

b : the municipal authorities of a town or city

2

: a body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties including the capacity of succession

3

: an association of employers and employees in a basic industry or of members of a profession organized as an organ of political representation in a corporative state

4

: potbelly 1

Examples of CORPORATION

1. He works as a consultant for several large corporations.
2. <a substantial corporation that showed that he was a sucker for all-you-can-eat buffets>

First Known Use of CORPORATION

15th century

Related to CORPORATION

Synonyms

bay window, beer belly, belly, potbelly, gut, paunch, pot

Related Words

breadbasket [slang], stomach, tummy; chubbiness, corpulence, fat, fatness, fleshiness, obesity, overweight, paunchiness, plumpness, portliness, pudginess; chunkiness, heaviness, stoutness

Other Business Terms

amortize, caveat emptor, clearinghouse, divest, due diligence, emolument, green-collar, marque, overhead, perquisite

Rhymes with CORPORATION

abdication, aberration, abjuration, abnegation, abrogation, acceptation, acclamation, accusation, activation, adaptation, adjuration, admiration, adoration, adulation, adumbration, affectation, affirmation, aggravation, aggregation, agitation, allegation, allocation, amputation, alteration, altercation, animation, annexation, annotation, appellation, application, approbation, arbitration, arrogation, aspiration, assignation, attestation, augmentation, automation, aviation, avocation, blaxploitation, botheration, calculation, calibration, cancellation, carbonation, castigation, celebration, cerebration, chlorination, circulation, cogitation, collocation, coloration, combination, comfort station, commendation, commutation, compensation, complication, computation, concentration, condemnation, condensation, confirmation, confiscation, conflagration, conformation, confrontation, congregation, conjugation, connotation, consecration, conservation, consolation, constellation, consternation, constipation, consultation, consummation, contemplation, conurbation, conversation, convocation, copulation, coronation, correlation, corrugation, crenellation, crop rotation, culmination, cultivation, cumulation, cybernation, decimation, declamation, declaration, declination, decoration, dedication, defamation, defecation, deformation, degradation, dehydration, delectation, delegation, demarcation, demonstration, denigration, denotation, depilation, deportation, depravation, depredation, deputation, derivation, derogation, desecration, designation, desolation, desperation, destination, detestation, detonation, devastation, deviation, dislocation, dispensation, disputation, dissertation, dissipation, distillation, divination, domination, education, elevation, elongation, emanation, embarkation, embrocation, emendation, emigration, emulation, enervation, escalation, estimation, evocation, exaltation, excavation, excitation, exclamation, exculpation, execration, exhalation, exhortation, exhumation, expectation, expiation, expiration, explanation, explication, exploitation, exploration, exportation, expurgation, extirpation, exultation, fabrication, fascination, federation, fenestration, fermentation, fibrillation, figuration, filling station, fire station, flagellation, fluoridation, fluctuation, forestation, formulation, fornication, fragmentation, fulmination, fumigation, gene mutation, generation, germination, glaciation, graduation, granulation, gravitation, habitation, hesitation, hibernation, hyphenation, ideation, imitation, immigration, immolation, implantation, implication, importation, imprecation, imputation, incantation, incarnation, inclination, incrustation, incubation, indentation, indication, indignation, infestation, infiltration, inflammation, information, inhalation, innovation, inspiration, installation, instigation, insulation, integration, intimation, intonation, inundation, invitation, invocation, irrigation, irritation, iteration, jubilation, laceration, lamentation, lamination, legislation, levitation, liberation, limitation, lineation, liquidation, litigation, lubrication, lucubration, maceration, machination, malformation, masturbation, maturation, mediation, medication, meditation, melioration, menstruation, ministration, mitigation, moderation, modulation, molestation, motivation, mutilation, navigation, nomination, obfuscation, objurgation, obligation, observation, occupation, operation, orchestration, ordination, oscillation, osculation, ostentation, ovulation, oxidation, pagination, palpitation, penetration, percolation, perforation, permeation, permutation, perpetration, perspiration, perturbation, pigmentation, pixilation, police station, pollination, population, postulation, power station, predication, preparation, presentation, preservation, proclamation, procreation, profanation, prolongation, promulgation, propagation, prorogation, protestation, provocation, publication, punctuation, radiation, recantation, recitation, reclamation, re-creation, recreation, reformation, refutation, registration, regulation, rehydration, relaxation, relocation, renovation, reparation, replication, reprobation, reputation, reservation, resignation, respiration, restoration, retardation, revelation, revocation, ruination, rumination, rustication, salutation, sanitation, saturation, segmentation, segregation, separation, sequestration, service station, sexploitation, simulation, situation, speciation, speculation, spoliation, stimulation, stipulation, strangulation, structuration, stylization, subjugation, sublimation, suffocation, syncopation, syndication, tabulation, termination, T formation, titillation, toleration, transfer station, transformation, translocation, transmigration, transmutation, transpiration, transplantation, transportation, trepidation, tribulation, ulceration, ululation, undulation, urination, vaccination, vacillation, validation, valuation, variation, vegetation, veneration, ventilation, vindication, violation, visitation, weather station

corporation

noun    (Concise Encyclopedia)

Specific legal form of organization of persons and material resources, chartered by the state, for the purpose of conducting business. As contrasted with the other two major forms of business ownership, the sole proprietorship and the partnership, the corporation has several characteristics that make it a more flexible instrument for large-scale economic activity. Chief among these are limited liability, transferability of shares (rights in the enterprise may be transferred readily from one investor to another without constituting legal reorganization), juridical personality (the corporation itself as a fictive “person” has legal standing and may thus sue and be sued, make contracts, and hold property), and indefinite duration (the life of the corporation may extend beyond the participation of any of its founders). Its owners are the shareholders, who purchase with their investment a share in the proceeds of the enterprise and who are nominally entitled to a measure of control over its financial management. Direct shareholder control became increasingly impossible in the 20th century, however, as the largest corporations came to have tens of thousands of shareholders. The practice of proxy voting by management was legalized and adopted as a remedy, and today salaried managers exercise strong control over the corporation and its assets. See also multinational corporation.