Definition of "corporation" []

• 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. (noun)
• Such a body created for purposes of government. Also called body corporate. (noun)
• A group of people combined into or acting as one body. (noun)
• Informal A protruding abdominal region; a potbelly. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The term corporation, over there, is commonly applied only to the mayor, aldermen and sheriffs of a city, as in the London corporation."
• "The term corporation, as used in this article, shall be construed to include all associations and joint-stock companies having any of the powers and privileges of corporations not possessed by individuals or partnerships."
• "The term corporation or company includes all trusts, associations and joint stock companies having any powers or privileges not possessed by individuals or unlimited partnerships."