According to the United States Flag Code, hanging the flag upside down is a signal that the owner of the flag is in extreme danger. The person's life or property has to be threatened. If the flag is hung upside down, military personnel recognize this as a call for help.
corporate citizenship. 1. The legal status of a corporation in the jurisdiction in which it was incorporated. 2. A company's role in, or responsibilities towards society. See corporate social responsibility.
A corporation is a legal entity that is separate and distinct from its owners. Corporations enjoy most of the rights and responsibilities that an individual possesses; that is, a corporation has the right to enter into contracts, loan and borrow money, sue and be sued, hire employees, own assets and pay taxes. It is often referred to as a legal person.. Next Up.