Definition of Quasi-public corporation:
A company that is privately owned but is regulated by the government. Employees are not compensated by the government. An example would be a federal subcontractor on a Navy contract.
A company whose shares are traded freely on a stock exchange.
Most quasi-public corporations began as government agencies, but have since become separate entities. They are often also referred to as public service corporations.
A quasi-public corporation is a company in the private sector that is supported by the government with a public mandate to provide a given service. Examples include telegraph and telephone companies, oil and gas, water, and electric light companies, and irrigation companies.
How to use Quasi-public corporation in a sentence?
- At stake is the future of the worlds second most important market trading shares in public companies.
Meaning of Quasi-public corporation & Quasi-public corporation Definition