Cryptic crossword clue
Corporation describing a clanger? 5

The most common and most likely answer to this crossword clue is the 5 letter word BELLY

I've seen this crossword clue in Financial Times
B
E
L
L
Y

Buddy explains!

The straight part
We know that "Corporation" is the straight/definition part of the clue. The straight part is often a synonym or definition, in this case corporation = belly.
The cryptic/wordplay part
In cryptic crossword there's often an wordplay/cryptic part as well.
This part involves a more complex hint, such as an anagram, homophone, hidden word, etc.
Sadly, We don't have an explanation for this specific crossword clue yet.

What does BELLY mean?

BELLY noun
  1. The abdomen, especially a fat one.
  2. The stomach.
  3. The womb.
  4. The lower fuselage of an airplane.
  5. The part of anything which resembles the human belly in protuberance or in cavity; the innermost part.
  6. The hollow part of a curved or bent timber, the convex part of which is the back.
BELLY verb
  1. To position one’s belly; to move on one’s belly.
  2. To swell and become protuberant; to bulge or billow.
  3. To cause to swell out; to fill.

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