Government-Owned Corporation
/ˌɡʌvərnmənt oʊnd ˌkɔrpəˈreɪʃən/
Definitions
- (n.) A legal entity created by a government to undertake commercial activities on behalf of the state.
The government-owned corporation managed public utilities to ensure essential services were available to all citizens.
Forms
- government-owned corporation
- government-owned corporations
Related terms
See also
Commentary
Typically operates with commercial objectives but remains subject to government oversight and public policy objectives.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.