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Crown corporation

American  
[kroun kawr-puh-rey-shuhn] / ˈkraʊn kɔr pəˌreɪ ʃən /

noun

Canadian.
  1. a commercial company owned by the government and controlled and partially operated by civil servants.


Crown corporation British  

noun

  1. a corporation owned by the federal or a provincial government

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Etymology

Origin of Crown corporation

First recorded in 1960–65

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