incorporation
Pronunciation: [ɪnˌkɔr.pəˈreɪ.ʃən]
Word
Context: "business"
(noun) the process of creating a legal company that is separate from its owners. It's like giving a special name and a structure to a group of people working together, so they can do business safely.
Example
The incorporation of the new company allowed them to protect their personal assets.
Example
Without incorporation, the owners were personally liable for the company's debts.
Example
What is the process for incorporation of a small business?
Context: "group formation"
(noun) the act of combining or bringing together different things into one whole. This could be when companies join or different ideas come together to make something new.
Example
The incorporation of new ideas made the project much more successful.
Example
The lack of incorporation of the two teams' efforts led to confusion.
Example
How does incorporation of various elements improve a project?
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