IPA: /kɔːrˈpɔːr.ə.ʃən/
KK: /kɔrˈpɔr əˌʃən/
An organization that is recognized by law as a separate entity, which has its own rights and responsibilities, distinct from the individuals who make it up.
The corporation announced its plans to expand into new markets next year.
Corporation → It is formed from "corpus" (meaning body) and the suffix "-ation" (indicating a process or action). The word "corporation" refers to a body of individuals who come together for a common purpose, typically in a business context.
Think of a 'body' ('corpus') of people coming together to work as one unit — that's what a corporation is.