public corporation

noun

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

Origin of public corporation

First recorded in 1820–30

Words nearby public corporation

public bill, public broadcasting service, public charge, public company, public convenience, public corporation, public debt, public defender, public domain, public enemy, public enemy number one

British Dictionary definitions for public corporation

public corporation

noun

(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