From Longman Dictionary of Contemporary Englishpublic corporationˌpublic corpoˈration noun [countable] 1 American EnglishBBC a public company2 British EnglishBBC a business that is run by the government
Examples from the Corpus
public corporation• It was only towards the end of the colonial period that the notion of a public corporation was raised.• Co. surmounted a similar set of challenges when it moved from a partnership to a public corporation.• A public corporation managing a monopoly might do so in a sectional interest.From Longman Business Dictionarypublic corporationˌpublic corpoˈration1ORGANIZATIONSa corporation that is owned and managed by the governmentLatin American governments are privatizing loss-making public corporations.2ORGANIZATIONSFINANCEa corporation with shares that are traded on a stockmarketGranada Corp. rolled 11 limited partnerships into two public corporations, one of which is Granada BioSciences.3an organization established by the national government or a state for a particular purpose, but not to make moneythe Job Development Authority, a public corporation → corporation 