public corporation

a corporation, owned and operated by a government, established for the administration of certain public programs.
a large private corporation with many shares, which are sold to the public or traded on a stock exchange.

1820–30 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
public corporation
(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 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Example sentences
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
Where a lending of credit is in aid of a public corporation, a referendum is
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