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What is a corporation?

What is a corporation? Here are some definitions.

Noun
  1. A group of individuals, created by law or under authority of law, having a continuous existence independent of the existences of its members, and powers and liabilities distinct from those of its members.
  2. (Britain) The municipal governing body of a borough or city [since 1974 obsolete except in the City of London]
  3. In Fascist Italy, a joint association of employers' and workers' representatives.
  4. (slang) A protruding belly; a paunch.
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The corporation is very active at the moment in tarring roads in many housing estates.
Income tax receipts are up 10.1 per cent and corporation tax receipts are up 13.1 per cent.
It's not the first time that Dylan has decided to buddy up to a huge corporation to sell his music.
I agree that this was a proper approach as it treats the corporation as a going concern and values its assets accordingly.
They could not believe that any sane man would take on a multinational corporation almost single-handed, let alone succeed?
An application by the corporation seeking to sequestrate the assets of the Union has already been adjourned until later this month.

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