Meaning of CORPORATION in English


cor ‧ po ‧ ra ‧ tion AC /ˌkɔːpəˈreɪʃ ə n $ ˌkɔːr-/ BrE AmE noun [countable]

[ Word Family: noun : ↑ corporation ; adjective : ↑ corporate ]

1 . a big company, or a group of companies acting together as a single organization:

He works for a large American corporation.

multinational corporations

the Siemens Corporation

corporation tax (=tax that companies have to pay on their profits)

2 . an organization or group of organizations that work together for a particular purpose and are officially recognized as one:

the New Orleans Citywide Development Corporation

a housing corporation

3 . British English old use a group of people elected to govern a town or city SYN council

• • •


▪ company an organization that makes or sells something, or provides a service:

big oil companies


telephone companies


He runs a software company.

▪ firm a company, especially one that provides a service rather than producing goods:

a law firm


a firm of accountants


a security firm

▪ business a company – often used when talking about a company that employs only a small number of people:

She set up her own catering business.


small businesses


a family business

▪ corporation a large company that often includes several smaller companies:

IBM is one of the biggest corporations in the world.

▪ multinational a very large company with offices in many different countries:

American multinationals are establishing research and development facilities across the developing world.

▪ conglomerate /kənˈɡlɒmərət, kənˈɡlɒmərɪt $ -ˈɡlɑː-/ a very large company that consists of several different companies which have joined together:

The company was taken over by a German media conglomerate.

▪ giant a word used mainly by newspapers for a very large company:

Their clients include the retail giant, Wal-Mart.

▪ subsidiary a company that is owned by a larger company:

The company runs its New York operations through a US subsidiary.

Longman Dictionary of Contemporary English.      Longman - Словарь современного английского языка.