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corporation
The most common form of business organization, and one which is chartered by a state and given many legal rights as an entity separate from its owners. Characterized by the limited liability of its owners, the issuance of shares of easily transferable stock, and existence as a going concern. see also aggregate corporation, Board of Directors, closed corporation, closely held, commercial paper, company, conglomerate, incorporation, corporate trust, director, dissolution, domestic corporation, Federal Deposit Insurance Corporation, Federal Home Loan Mortgage Corporation, firm, foreign corporation, joint stock company, National Association of Investors Corporation, National Securities Clearing Corporation, Options Clearing Corporation, nonstock corporation, quasi-public corporation, S Corporation, Securities Investor Protection Corporation, Stock Clearing Corporation, takeover.
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