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.

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

Word History and Origins

Origin of public corporation¹

First recorded in 1820–30

Example Sentences

Yet the idea of federal government investments in public corporation stock has never died.

From Los Angeles Times

It is classified as a public corporation, meaning that any debt it takes on counts as part of Stormont's capital budget.

From BBC

Holladay-Hollifield began seeking records from Huntsville Hospital, which is overseen by the Health Care Authority of the City of Huntsville, a public corporation, in early 2023.

From Seattle Times

The courts, including the Supreme Court, have generally rejected assertions that mandated disclosures violate the 1st Amendment when the disclosures serve a legitimate government interest, such as protecting investors from fraudulent claims, or providing investors with important information — for example, the level of emissions by a public corporation or its potential exposure to global warming.

From Los Angeles Times

For a start, not even the most popular and best-paid performers have the power to dictate policy for a major Standard & Poor’s 500 public corporation.

From Los Angeles Times