corporations
Pronunciation: [ˌkɔːrpəˈreɪʃənz]
Word
Context: "business"
(noun) a corporation is a big company that is recognized by law as a separate person. It can make money, own property, and is responsible for its actions. Think of it like a big team that works together to do business.
Example
Many corporations work to help their communities through charity programs.
Example
Not all corporations treat their workers fairly, which can lead to bad working conditions.
Example
What do you think is the largest corporation in the world?
Context: "law"
(noun) a corporation is a legal entity created under the laws of a country. It allows a group of people to act as one, which helps protect them and their businesses from certain legal issues.
Example
This corporation was formed to protect its owners from personal liability.
Example
Without the protection of being a corporation, the owners could lose their personal assets.
Example
How does a corporation differ from a sole proprietorship?
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