1. a large business organization that is legally separate from its owners and can own property, enter contracts, and be sued
2. any group of people legally authorized to act as a single entity
Usage: formal

Examples

• The corporation announced record profits this quarter.
• She works for a multinational corporation based in New York.
• The corporation was founded in 1985 and now has offices worldwide.
• Shareholders own stock in the corporation.
• The corporation donated millions to charity last year.
• Small businesses often incorporate to become corporations for tax benefits.
• The municipal corporation manages the city’s public services.