Meaning of public corporation

pub'lic corpora'tion

Pronunciation: [key]
  1. a corporation, owned and operated by a government, established for the administration of certain public programs.
  2. See
  3. a large private corporation with many shares, which are sold to the public or traded on a stock exchange.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.