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Public company
Public company Definition
A
public
company
is a company owned by the public. There are two uses of this term.
A company that is owned by stockholders who are
members
of the general public and traded publicly.
Ownership
is open to anyone that has the
money
and inclination to
buy
shares
in the company. It is differentiated from privately held companies where the shares are held by a small group of individuals often members of one or a small group of families or otherwise related individuals (or other companies). For a discussion of the British and Irish variant of this type of company, see public limited company.
A government-owned corporation. This meaning of a "public company" comes from the fact that
government debt
is sometimes referred to as "public debt" (however there are no "public bonds"), government
finance
is sometimes
called
"public finance", and so on.
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