corner
n. countable A2 Elementary Oxford US //ˈkɔɹnɝ// UK //kˈɔːnɐ// cor·ner
n. the place where two walls or streets meet. You can also use it to describe a difficult situation where you feel trapped.
n. the point or area where two converging lines, surfaces, or edges meet. In a commercial context, it can refer to a position of control over a particular market or commodity.
The bakery is on the corner of the street.
The company managed to corner the market on lithium batteries, leaving their competitors with few suppliers.
By securing exclusive rights to the raw materials, the firm effectively backed its rivals into a corner, forcing them to negotiate from a position of significant weakness.
Usage
Often used with the prepositions 'on' (for streets) or 'in' (for rooms).