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Simple English definitions for legal terms
corporate
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A quick definition of corporate:
Corporate: This word describes things that have to do with a big company. It could be a business corporation, which is a type of company that sells things or provides services. For example, when people talk about corporate bonds, they mean loans that big companies take out to help them grow their business.
A more thorough explanation:
CORPORATE
Corporate is an adjective that describes something related to a corporation, especially a business corporation. For example, corporate bonds are bonds issued by a corporation to raise money.
- A corporate merger is when two companies combine to form a single corporation.
- Corporate social responsibility is when a corporation takes actions to benefit society, such as donating to charity or reducing their environmental impact.
The examples illustrate how the term corporate is used to describe things related to corporations. A corporate merger is an example of a business action that involves corporations, while corporate social responsibility is an example of a concept that applies to corporations.