corporation
Word family
- corporateadjectiveB2
- incorporateverbC1
- incorporationnounC1
- corporatizeverbC2
- corporatizationnounC2
Synonym discussion
Sense: noun/1
Company is the most general term for any commercial organization that sells goods or services — it can be tiny (a local shop) or huge (a multinational). Corporation specifically refers to a large organization that has been legally incorporated as a single entity with its own rights and duties. Firm traditionally describes a partnership or professional practice (a law firm, an accounting firm), though in everyday speech it often overlaps with company. Enterprise is a more formal, sometimes aspirational term that emphasizes initiative and scope — a tech startup or a state-owned enterprise. Business is the broadest of all, covering any commercial activity or organization, from a street vendor to a global chain. In practice: Microsoft is a corporation; your local grocery store is a business or a company, but not a corporation. The partners at a law firm own it personally, whereas a corporation's ownership is spread across shareholders.
Common collocations
Nouns
- corporation headquarters
- corporation law
Prepositions
Etymology
Corporation comes from Latin corporare ('to form into a body'), which itself comes from corpus ('body'). In English the word has been used since the 1400s for organized groups of people acting as one body — originally guilds and municipal bodies, and later for business companies that could operate as a single legal 'person' with their own rights and responsibilities.