state-owned

adjective ECONOMICS, GOVERNMENT

Definition

› owned by the government: a state-owned airline/bank/industry Many people acquired shares in the former state-owned group when it was privatised in 2009. The eventual deal will have to be approved by the French privatisation commission, because Credit Lyonnais is state-owned.

› US owned by a state: Threatened by a ballot measure to disband it, Oregon's state-owned workers' compensation insurer found mixed support among local Republicans. state-owned land

(Definition of state-owned adjective from the Cambridge Business English Dictionary © Cambridge University Press)