Definition, Meaning & Synonyms
public-corporation
Noun
/ˈpʌblɪk ˌkɔːrpəˈreɪʃən/
Definition
A public corporation is a type of company that is owned by shareholders and offers its shares for public purchase, usually through a stock exchange.
Examples
- Apple Inc. is a well-known public corporation listed on the NASDAQ.
- The government regulates public corporations to ensure transparency and fairness in their operations.
Meaning
Public corporations are created to deliver goods or services to the public while generating profits for their shareholders.
Synonyms
- Publicly traded company
- Publicly held company
- Stock corporation
