Corporation (noun)

1. A company or group of companies authorized to act as a single entity.
2. A large business organization that is legally independent of its owners.

Origin:

Late middle english: from latin corporatio(n-), from corporare "unite in one body" (see corporate).

Examples:

1. The corporation was founded in 1990 and has since grown into a multinational company.
2. The corporation is one of the largest employers in the city.
3. The corporation's profits are distributed among its shareholders.
4. The corporation is responsible for maintaining the buildings and grounds.
5. The corporation was accused of violating environmental regulations.