Company or corporation?

Hi, Joaquina!

It could mean either one of them, depending on the context in which it's used.

What is the context in which it's being used, please?

Thanks!

Thanks Clough,

I have this scenario:

2. You buy 1000 shares of ABC Co. at $6 per share. The company is sued for millions of dollars, and ABC Co. is forced into bankruptcy. The newspaper stated that the cost of this suit would amount to $12 per share of stock.

Question:
What is the maximum amount of money you can lose with this investment? Why?

My answer is:
The maximum amount of money I can lose is $6,000 (1000 shares x $6) because, as a corporation shareholder, I have limited liability and I can never lose more than what I invested even though the corporation has unlimited liability.

But I am not sure if I am giving the correct interpretation...