public corporation

noun
1.
a corporation, owned and operated by a government, established for the administration of certain public programs.
2.
municipal corporation.
3.
a large private corporation with many shares, which are sold to the public or traded on a stock exchange.
Origin:
1820–30

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
public corporation
 
—n
(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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Public corporation is always a great word to know.
So is bezoar. Does it mean:
a scrap or morsel of food left at a meal.
a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison.
LEARN MORE UNUSUAL WORDS WITH WORD DYNAMO...
Example sentences
Where a lending of credit is in aid of a public corporation, a referendum is
  unnecessary.
There were other less potent suggestions, such as transferring its operations
  to a special public corporation.
No municipality may give or lend any money or property in aid of a public
  corporation.
Over the years, the school continued to grow, eventually becoming a public
  corporation governed by a board of directors.
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