Glossary Term: CORPORATION
Definition(s) for CORPORATION:
1. ) A form of organization, especially a business, that provides its owners and shareholders with certain rights and privileges, including protection from personal liability, if proper steps are followed. Corporations may take a number of kinds, depending on the goals and objectives of the founders. It can acquire assets, enter into contracts, sue or be sued, and pay taxes in its own name.
2. ) Corporation that refers to all different kinds of fraternities and sororities worldwide.
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See Also:
CLEARING CORPORATION, FEDERAL DEPOSIT INSURANCE CORPORATION IMPROVEMENT ACT 305 (FDICA 305), FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC), FEDERAL HOME LOAN MORTGAGE CORPORATION (FHLMC), INDUSTRIAL DEVELOPMENT CORPORATION (IDC), PENSION BENEFIT GUARANTY CORPORATION (PBGC), SECURITIES INVESTORS PROTECTION CORPORATION (SIPC), FINANCING CORPORATION (FICO), C CORPORATION, S CORPORATION, CONTROLLED FOREIGN CORPORATION (CFC), CLOSED CORPORATION, DEPOSITORY TRUST AND CLEARING CORPORATION (DTCC), EXPORT DEVELOPMENT CORPORATION, FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC), FOREIGN SALES CORPORATION (FSC), INSTINET (INSTITUTIONAL NETWORKS CORPORATION)
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