corporation
gb/kˌɔɹpɚˈeɪʃən/ us/kˌɔɹpɚˈeɪʃən/
B1
English
~ 1100
vállalat, gazdasági társaság
NOUN
B1
1
vállalat
A2
Usage pattern:
[a/an] corporation
The corporation announced record profits this quarter.
A vállalat rekordnyereséget jelentett be ebben a negyedévben.
She works for a multinational corporation based in New York.
Egy New York-i székhelyű multinacionális vállalatnál dolgozik.
The new law will affect how corporations pay taxes.
Several corporations are competing for the government contract.
The corporation is expanding into Asian markets.
Learner examples
My father works for a big corporation.
Az apám egy nagyvállalatnál dolgozik.
The corporation sells clothes online.
A vállalat ruhákat árul az interneten.
Many corporations have offices in this city.
Our corporation has many workers.
The corporation makes cars.
Common mistake:
Learners sometimes confuse 'corporation' with 'cooperation'; the first is a type of company, the second means working together.
Meaning
A large company or group
Collocations
multinational corporation
|public corporation
|private corporation
|large corporation
|corporation tax
Synonyms
company (A general term for any business, not necessarily legally incorporated.)
|
firm (Often refers to a business, especially in professional services; can be smaller than a corporation.)
Antonyms
sole proprietorship (A business owned and run by one person, not legally separate from its owner.)
Themes
business
|law
|economics
|finance
Definition
A big company that is recognized by law as separate from the people who run it.
A legal entity formed to conduct business, which is separate from the individuals who own or manage it, and has its own rights and liabilities.
Grammar
Dictionary form
corporation
IPA
GB/kˌɔɹpɚˈeɪʃən/
US/kˌɔɹpɚˈeɪʃən/
Syllables & stress
cor - por - a - tion (4 syllables)
Stress on 2nd syllable (por)
Word forms
Noun
- Base: corporation
- Plural: corporations
Word family
Forms
corporations
noun
Core family
corporate
adjective B1
Related words
incorporate
verb B2
incorporation
noun C1
Advanced or less common
incorporator
noun
Expressions
private corporation
1/pɹˈaɪvɪt kˌɔɹpɚˈeɪʃən/
fixed phrase
technical
Company not traded on stock market
A company that is owned by a small group of people and does not sell shares to the public.
Examples
- The family runs a private corporation that makes furniture.
- Private corporations are not required to share as much financial information as public ones.
public corporation
1/pˈʌblɪk kˌɔɹpɚˈeɪʃən/
fixed phrase
technical
Company with publicly traded shares
A company whose shares can be bought and sold by anyone on the stock market.
Examples
- Tesla is a public corporation listed on NASDAQ.
- Becoming a public corporation allows companies to raise money from investors.
multinational corporation
1/mˌʌltinˈæʃənəl kˌɔɹpɚˈeɪʃən/
fixed phrase
very large company in many countries
A very big company that owns or controls businesses in many different countries.
Examples
- Apple is a well-known multinational corporation with offices worldwide.
- Several multinational corporations dominate the global soft drink market.
- Many multinational corporations have factories in developing countries.
- The report accuses multinational corporations of avoiding taxes through complex financial structures.
- Many young professionals dream of working for a multinational corporation.