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
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