domestic corporation

domestic corporation definition - finance
  1. A corporation that is doing business in its home country. A domestic corporation in the United States is considered a foreign corporation in the United Kingdom.
  2. A corporation doing business in the state in which it is incorporated.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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