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Webster's New World Finance and Investment Dictionary » quasi-public corporation
quasi-public corporation
quasi-public corporation definition - finance
A corporation whose stock is publicly traded that
was started or is backed by the government. Even though the company has close
connections to the government, it is run independently of the government. An
example of a quasi-public company is Fannie Mae, which was started by a
congressional charter in order to encourage home ownership among low- to
middle-income Americans. Other examples of quasi-public corporations are the
Student Loan Marketing Association (Sallie Mae), which packages student loans
and resells them in the secondary market. The U.S. Postal Service and the
Tennessee Valley Authority (TVA) are other quasi-public corporations.
Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.
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