Government Sponsored Enterprise

(redirected from Government-owned corporation)
Also found in: Dictionary, Legal, Wikipedia.

Government Sponsored Enterprise

A privately held or publicly traded company created by the U.S. Government for some purpose thought to benefit the American economy. For example, Freddie Mac was originally a GSE created to encourage homeownership among middle class and working class Americans. Because it is "sponsored" but not owned by the government, GSE stocks carry higher risk than, say, Treasury securities, which are backed by the full faith and credit of the United States. However, GSEs have an implicit guarantee that the government will not allow them to fail. Indeed, when Fannie Mae and Freddie Mac collapsed in 2008 they almost instantly received federal assistance.
References in periodicals archive ?
Morn explains that the government-owned corporation has two missions: it works with Quebec companies, offering them financing and tax solutions, and it also has the responsibility of finding investments from foreign companies wishing to do business in Quebec.
government-owned corporation responsible for the stewardship of the Millennium Challenge Account (MCA).
The WAK decommissioning and disposal GmbH (TEC GmbH) is a government-owned corporation responsible for the dismantling and disposal of nuclear installations.
Millennium Challenge Corporation (MCC) is a United States government-owned corporation created in 2004, whose mission is to provide assistance that will support economic growth and poverty reduction in carefully selected developing countries that demonstrate a commitment to just and democratic governance, economic freedom, and investments in their citizenry.
As a government-owned corporation, TVA does not make a profit, and it reinvests net income in its power business, specifically on projects that expand and improve TVA's infrastructure.
Verifia, the industry leader in IP-based Internet intelligence solutions, signed a software license and service agreement with BC Lottery Corporation (BCLC), a government-owned corporation in British Columbia, Canada.
PT PLN (Perusahn Listrik Negara) is the only Indonesian government-owned corporation in electricity generation, transmission and distribution in Indonesia.
The National Railroad Passenger Corporation, doing business as Amtrak (reporting mark AMTK), is a government-owned corporation that was organized on May 1, 1971, to provide intercity passenger train service in the United States.
The government-owned corporation uses SolidWorks on all of its fleet, including the Acela, Superliner, and Amfleet trains, and it's the Amtrak standard for all new rolling stock designs.
The WAK dismantling and disposal GmbH (WAK GmbH) is a government-owned corporation responsible for the dismantling and disposal of nuclear plants.
It would reorganize the patent office, now under the Commerce Department, as a government-owned corporation funded by application fees rather than federal subsidies.
A government-owned corporation, K-water develops and manages a host of facilities and programs designed to provide the best water supply and water quality available to operate 12 multipurpose dams and other projects.

Full browser ?