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English definition of “public corporation”

public corporation

noun [C]
 
 
US FINANCE →  public company : Automakers are profit-driven public corporations.
ECONOMICS a company, such as a national railway or a mail service, that is owned and managed by the government: In the 1980s, France Telecom was a public corporation.
(Definition of public corporation from the Cambridge Business English Dictionary © Cambridge University Press)
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