Definition of corporate welfare
chiefly US
: money or aid given by the government to help a large company
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Word by Word Definitions
corporate
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: formed into an association and endowed by law with the rights and liabilities of an individual : incorporated
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: of or relating to a corporation
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: of, relating to, or being the large corporations of a country or region considered as a unit
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welfare
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: the state of doing well especially in respect to good fortune, happiness, well-being, or prosperity
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: aid in the form of money or necessities for those in need
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: an agency or program through which such aid is distributed
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: of, relating to, or concerned with welfare and especially with improvement of the welfare of disadvantaged social groups
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: receiving public welfare benefits
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