A corporation whose shares a publicly traded on a stock exchange. Also, a corporation owned by the government, or created for a municipal purpose.
Definition from Nolo’s Plain-English Law Dictionary
1) A corporation whose shares are traded to the general public on a stock exchange. Also known as a publicly held corporation. 2) A corporation created to perform a governmental function, such as a municipal water company or hospital. A public corporation may operate under government control or be financially independent.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:22 pm