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| a scrap or morsel of food left at a meal. |
| a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes. |
| corporation (ˌkɔːpəˈreɪʃən) | |
| —n | |
| 1. | a group of people authorized by law to act as a legal personality and having its own powers, duties, and liabilities |
| 2. | Also called: municipal corporation the municipal authorities of a city or town |
| 3. | a group of people acting as one body |
| 4. | See public corporation |
| 5. | informal a large paunch or belly |
A business organization owned by a group of stockholders, each of whom enjoys limited liability (that is, each can be held responsible for losses only up to the limit of his or her investment). A corporation has the ability to raise capital by selling stock to the public.