public corporation

public corporation definition - business

public corporation

  1. A corporation with shares of stock that are publicly traded on an exchange or in the over-the-counter market.
  2. A corporation established for a specific public purpose by government, but with a large degree of financial and operational independence from the government authority that created it; for example, a municipal hospital.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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