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Corporation Definition: Large Business Entity & Legal Entity (2 meaning)
Meaning 1：large business entity (corporation)
corporation
/ˌkɔːrpəˈreɪʃən/
n.
A very big business, or a group of businesses that act together under one name.
large business entity
➕
/lɑːrdʒ ˈbɪznəs ˈɛntɪti/
n.
A corporation is a large company or group of companies that is legally authorized to act as a single entity, often with shareholders and limited liability.
📘 Details & Usage
📖 Root Explanation
From Latin 'corpus' (body) + '-ation' (process), literally 'the act of forming a body'.
💡 Mnemonic
Think 'corp' as in 'corps' (a group of people) + 'ration' as in 'operation', so 'corporation' is a group operation for business.
📖 Example
She works for a global technology corporation that is developing a new AI chip.
She works for a global technology corporation that is developing a new AI chip.
🔗 Collocations
multinational corporation – A large company operating in multiple countries
corporation tax – A tax imposed on the profits of a corporation
corporation law – The body of law governing the formation and operation of corporations
🔄 Synonyms
company (n.) – A commercial business, often smaller or more general than a corporation
firm (n.) – A business organization, especially in professional services
enterprise (n.) – A business or project, often implying initiative and risk
🚫 Antonyms
sole proprietorship (n.) – A business owned by one person, not a separate legal entity
partnership (n.) – A business owned by two or more people, with shared liability
🌱 Derivatives
corporate (adj.) – Relating to a corporation
incorporate (v.) – To form a legal corporation
incorporation (n.) – The process of forming a corporation
📖 Cultural Story
Originally used in medieval Europe for guilds or trade associations. The modern commercial corporation emerged in the 19th century with laws granting it legal personality separate from its members.
Meaning 2：legal entity (corporation)
corporation
/ˌkɔːrpəˈreɪʃən/
n.
A legal entity that is separate from its owners and has its own rights and responsibilities, like a person.
legal entity
➕
/ˈliːɡəl ˈɛntɪti/
n.
In law, a corporation is an artificial person created by statute, with a separate legal existence from its owners, capable of owning property, suing, and being sued.
📘 Details & Usage
📖 Example
During the law class, the professor explained that a corporation can sue or be sued in court, just like a real person.
During the law class, the professor explained that a corporation can sue or be sued in court, just like a real person.
🔗 Collocations
legal entity – An organization that has legal rights and duties
corporate personhood – The legal concept that a corporation has some rights like a person
incorporation document – The official paperwork filed to create a corporation
🔄 Synonyms
legal entity (n.) – Any organization recognized by law as having rights and duties
organization (n.) – A group of people with a common purpose, not necessarily incorporated
association (n.) – A group of persons joined together for a common interest
🚫 Antonyms
natural person (n.) – A human being with legal rights, as opposed to an artificial entity
unincorporated association (n.) – A group of people without separate legal personality
🌱 Derivatives
corporate (adj.) – Relating to a corporation
incorporate (v.) – To form a legal corporation
incorporation (n.) – The process of forming a corporation
Wordbook
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