public (adjective, pub-lic, \ ˈpʌblɪk \) corporation (noun, cor-po-ra-tion, \ ˌkɔːrpəˈreɪʃən \)
Definition:
- a) is a business organization that publicly trades its shares, as they are typically held by a substantial amount of shareholders (hundreds or even thousands of people). In the UK, such an enterprise is usually referred to as a public limited company.
- b) a corporation that is owned by a government body and was created to carry out a community-centered service. For instance, it can be a public transport firm or a national airline.
In a Sentence:
- Once JK Security became a public corporation, their shares were bought by hundreds of small investors.
- French Airlines is probably the most efficient public corporation in France to date.
- I’m eagerly waiting for S.A. Technologies to become a public corporation, as I wanted to become one of its shareholders for two years now.
Synonyms and related words: corporation sole, corporation, corporation by estoppel, private corporation, public company
