What is the Definition of Corporation?

Corporation

Noun

Definition: A borrowing entity structured as a group of people granted a charter legally recognizing them as a separate entity having its own rights, powers, privileges and liabilities distinct and separate from those of its members.

Pages that Mention Corporation

Fannie Mae Cooperative Housing Financing - FNMA Multifamily Mortgages


This program financing options for properties in which the residents collectively own the building(s) and property through their shares in the cooperative corporation.

Other Definitions