Quasi-Public Corporation

Quasi-Public Corporation
A type of corporation in the private sector that is backed by a branch of government that has a public mandate to provide a given service. Most quasi-public corporations began as government agencies, but have since become separate entities. It is not uncommon to see the shares of this type of corporation trade on major stock exchanges, which allows individual investors to gain exposure to the company's profit.

For example, the Federal National Mortgage Association (Fannie Mae) is regarded as a quasi-public corporation because it operates as an independent corporation. This company operates under a congressional charter that aims to increase the availability and affordability of homeownership, but is not treated as any part of the government. Contrary to popular opinion, employees of quasi-public corporations do not work for the government.


Investment dictionary. . 2012.

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Look at other dictionaries:

  • Quasi-public corporation — Public service corporation Public service corporation or sometimes Quasi public corporation Quasi public corporation A corporation, such as a railroad company, lighting company, water company, etc., organized or chartered to follow a public… …   The Collaborative International Dictionary of English

  • quasi-public corporation — A public service corporation; a corporation affected with a public interest. 18 Am J2d Corp § 9. A private corporation which has been given certain powers of a public nature, such as the power of eminent domain. Philadelphia Rural Transit Co. v… …   Ballentine's law dictionary

  • quasi-public corporation — A corporation that is operated privately, but is supported by the government in its operations and that often traded publicly. Bloomberg Financial Dictionary …   Financial and business terms

  • quasi-public corporation — /ˌkweɪzaɪ ˌpʌblɪk ˌkɔ:pə reɪʃ(ə)n/ noun a US institution which is privately owned, but which serves a public function (such as the Federal National Mortgage Association) …   Dictionary of banking and finance

  • quasi — qua·si 1 / kwā ˌzī, ˌsī; kwä zē, sē/ adj [Latin, as if, as it were, from quam as + si if]: having such a resemblance to another thing as to fall within its general category a quasi corporation quasi 2 adv: in some significant sense or degree… …   Law dictionary

  • Public-service corporation — or sometimes Quasi public corporation Quasi public corporation A corporation, such as a railroad company, lighting company, water company, etc., organized or chartered to follow a public calling or to render services more or less essential to the …   The Collaborative International Dictionary of English

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • corporation affected with a public interest — A public service corporation, otherwise known as a quasi public corporation. 18 Am J2d Corp § 9. See public service corporation …   Ballentine's law dictionary

  • public service corporation — A quasi public corporation, operating for the purpose of supplying gas or electricity to users, carrying passengers or freight, or otherwise as a public utility. 18 Am J2d Corp § 9. See public utility …   Ballentine's law dictionary

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