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Definition of corporation


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cor·po·ra·tion  audio  (kôrp-rshn) KEY 

NOUN:
  1. A body that is granted a charter recognizing it as a separate legal entity having its own rights, privileges, and liabilities distinct from those of its members.
  2. Such a body created for purposes of government. Also called body corporate.
  3. A group of people combined into or acting as one body.
  4. Informal A protruding abdominal region; a potbelly.



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