a large private corporation with many shares, which are sold to the public or traded on a stock exchange.
Origin
1820-30
Examples from the web for public corporation
There were other less potent suggestions, such as transferring its operations to a special public corporation.
The minute it becomes a public corporation there is this moral justification for bad behavior.
No municipality may give or lend any money or property in aid of a public corporation.
Where a lending of credit is in aid of a public corporation, a referendum is unnecessary.
Over the years, the school continued to grow, eventually becoming a public corporation governed by a board of directors.
British Dictionary definitions for public corporation
public corporation
noun
1.
(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