Corporation

A corporation is one financial word that probably most of us are familiar with.

However a corporation is defined strictly as an organisation that undertakes business and is seen as an entity legally. Strictly speaking and the key point is that it is separate from the people that own that entity.

Corporations have transferable ownership, can make contracts and have property and has separate ownership to management.

Related Articles

Glass-Steagall Act
Merger
Current yield
Electronic banking
Legal rate of interest

More Financial Words and Vocabulary Explained