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public corporation

noun
1.
a corporation, owned and operated by a government, established for the administration of certain public programs.
3.
a large private corporation with many shares, which are sold to the public or traded on a stock exchange.
Origin
1820-1830
1820-30
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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Examples from the web for public corporation
  • There were other less potent suggestions, such as transferring its operations to a special public corporation.
  • The minute it becomes a public corporation there is this moral justification for bad behavior.
  • No municipality may give or lend any money or property in aid of a public corporation.
  • Where a lending of credit is in aid of a public corporation, a referendum is unnecessary.
  • Over the years, the school continued to grow, eventually becoming a public corporation governed by a board of directors.
British Dictionary definitions for public corporation

public corporation

noun
1.
(in Britain) an organization established to run a nationalized industry or state-owned enterprise. The chairman and board members are appointed by a government minister, and the government has overall control
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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