/ ˌkɔːpəˈreɪʃn; NAmE ˌkɔːrp-/ noun
1.
( abbr. Corp. ) a large business company :
multinational corporations
the Chrysler corporation
2.
an organization or a group of organizations that is recognized by law as a single unit :
urban development corporations
3.
( BrE ) a group of people elected to govern a large town or city and provide public services
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WORD ORIGIN
late Middle English : from late Latin corporatio(n-) , from Latin corporare combine in one body, from corpus , corpor- body.