third estate n the third order or class in a country or society divided into estates, esp. for representation in a parliament; the commons, townsmen, or middle class English Collins Dictionary - English Definition & Thesaurus
DEFINITION of 'C-Suite'. A widely-used slang term used to collectively refer to a corporation's most important senior executives. C-Suite gets its name because top senior executives' titles tend to start with the letter C, for chief, as in chief executive officer, chief operating officer and chief information officer.
A C corporation is a business term that is used to distinguish this type of entity from others, as its profits are taxed separately from its owners under subchapter C of the Internal Revenue Code.In an S corporation, the profits are passed on to the shareholders, and are taxed based on personal returns. A C corporation can be used to split the corporate profit amongst the owners and the corporation. 2  This can result in overall tax savings. 3  The tax rate for a corporation is usually less than that for an individual, especially for the first $50,000 of taxable income.