Definitions of corporation

  1. ( informal) slang terms for a paunch
  2. a business whose articles of incorporation have been approved in some state
  3. A legal structure authorized by state law that allows a business to organize as a separate legal entity from its owners. A nonprofit is often referred to as an " artificial legal person," meaning that, like an individual, it can enter into contracts, sue and be sued and do the many other things necessary to carry on a business. One advantage of incorporating is that a corporation's owners ( shareholders) are legally shielded from personal liability for the corporation's liabilities and debts ( unpaid taxes are often an exception). In theory, a corporation can be organized either for profit- making or nonprofit purposes. Most profit- making corporations are known as C corporations and are taxed separately from their owners, but those organized under subchapter S of the Internal Revenue Code are pass- through tax entities, meaning that all profits are federally taxed on the personal income tax returns of their owners.
  4. A group of persons who have legal power to act for a large number of other persons.
  5. A body or society authorized by law to act as one individual.
  6. Society legally authorised to act as an individual.
  7. A body of persons legally associated for the transaction of business.
  8. A body politic or corporate, authorized by law to act as a single person. A corporation spiritual, the dean and chapter of a cathedral, or a master of a college or hospital. A corporation temporal, the mayor and commonalty.
  9. A number of individuals formed into one body, and authorised by law to act as one person; the municipal authorities of a town or city.

Usage examples for corporation

  1. Just the same it seems mighty strange that Karin can have the heart to sell the old place to a corporation that would cut down all the timber and let the fields go to waste. – Jerusalem by Selma Lagerlöf
  2. Goulding, Louth Old Corporation Records, 54. c. – A History of Witchcraft in England from 1558 to 1718 by Wallace Notestein
  3. He had as well, what may have been a personal stake, 50 other acres in the Corporation of Charles City. – The First Seventeen Years: Virginia 1607-1624 by Charles E. Hatch
  4. To this end, I offer these resolutions:- Be it resolved by the inhabitants of Cedarville, That from this day henceforth, no more intoxicating drink shall be sold within the limits of the corporation. – Ten Nights in a Bar Room by T. S. Arthur
  5. The whole was meaningless to James Holden; it looked like the organization chart of a large corporation but it contained no names or titles. – The Fourth R by George Oliver Smith
  6. Several years are sometimes required to settle the affairs of a corporation. – Putnam's Handy Law Book for the Layman by Albert Sidney Bolles
  7. " A corporation may be guilty as well as an individual," the Baron had said. – Ralph the Heir by Anthony Trollope
  8. A corporation like the Steel Trust owns enough of the sources of its raw material to give it practical monopoly; it owns a fleet of vessels especially designed for ore- carrying; it owns its private railroads, to deliver the ore to the mills. – The Book of Life: Vol. I Mind and Body; Vol. II Love and Society by Upton Sinclair
  9. I make no question but a bank thus settled would have as firm a foundation as any bank need to have, and every way answer the ends of a corporation. – An Essay Upon Projects by Daniel Defoe
  10. Hunting was good just over the corporation line and there was no closed season on anything. – Watch Yourself Go By by Al. G. Field
  11. He was well aware that Ryder and his associates by the sheer weight of the enormous wealth they controlled could sell out or destroy any industrial corporation in the land. – The Lion and the Mouse A Story of an American Life by Charles Klein
  12. In our corporation there are twenty- six towns and twenty- one churches. – The Development of Religious Liberty in Connecticut by M. Louise Greene, Ph. D.
  13. How much less, then, should so small a part of a great corporation as himself be expected to have them? – The Sport of the Gods by Paul Laurence Dunbar
  14. It was the corporation of Liverpool.... – Memoirs of James Robert Hope-Scott, Volume 2 by Robert Ornsby
  15. Yes, sir, said Mr. Davis; it is a close white corporation. – History of the Thirty-Ninth Congress of the United States by Wiliam H. Barnes
  16. It was built entirely by private enterprise, and it was not until 1904 that it was taken over by the Corporation. – Bournemouth, Poole & Christchurch by Sidney Heath
  17. How well he succeeded in inspiring others with his own feelings is sufficiently proved by the memorable Act to which the Lord High Commissioner gave the Royal sanction on the 26th of June 1695. By this Act some persons who were named, and such other persons as should join with them, were formed into a corporation, which was to be named the Company of Scotland trading to Africa and the Indies. – The History of England from the Accession of James II. Volume 5 (of 5) by Thomas Babington Macaulay
  18. It was in the territory of Tappahanna in the western extremity of the Corporation of James City. – The First Seventeen Years: Virginia 1607-1624 by Charles E. Hatch
  19. This paper corporation is all that can be touched when the acquired company's poison bonds flip over. – The Samurai Strategy by Thomas Hoover
  20. I want you to accept the position of assistant advertising manager of the Daintybits Corporation. – The Haunted Bookshop by Christopher Morley