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A corporation is a legal entity authorized by a state to conduct business or other activities within the state. Similar to an individual person, a corporation can perform actions necessary to carry on business, such as enter into contracts or sue/be sued. Typically, those who own a corporation or are shareholders of one cannot be found personally liable for the actions of the corporation.


 

Merriam-Webster Online Dictionary
corporation (noun)
1.
a) a group of merchants or traders united in a trade guild
b) the municipal authorities of a town or city
2.
a body formed and authorized by law to act as a single person although constituted by one or more persons and legally endowed with various rights and duties including the capacity of succession
3.
an association of employers and employees in a basic industry or of members of a profession organized as an organ of political representation in a state - corporative
4.
- potbelly
Merriam-Webster Online Thesaurus
corporation (noun)
an enlarged or bulging abdomen
SYNONYMS:
bay window, beer belly, belly, corporation, gut, paunch, pot
RELATED WORDS:
breadbasket [], stomach, tummy; chubbiness, corpulence, fat, fatness, fleshiness, obesity, overweight, paunchiness, plumpness, portliness, pudginess; chunkiness, heaviness, stoutness
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