| an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle. |
| a gadget; dingus; thingumbob. |
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.