Meaning of “public corporation” in the English Dictionary

"public corporation" in Business English

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public corporationnoun [ C ]

uk us

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)