- a corporation, owned and operated by a government, established for the administration of certain public programs.
- municipal corporation.
- a large private corporation with many shares, which are sold to the public or traded on a stock exchange.
Origin of public corporation
First recorded in 1820–30
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018
- (in Britain) an organization established to run a nationalized industry or state-owned enterprise. The chairman and board members are appointed by a government minister, and the government has overall control