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Meaning of corporation

cor•po•ra•tion

Pronunciation: (kôr"pu-rā'shun), [key]
— n.
  1. an association of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
  2. (cap.) the group of principal officials of a borough or other municipal division in England.
  3. any group of persons united or regarded as united in one body.
  4. a paunch; potbelly.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.
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