Quasi-public corporation

Quasi-public corporation

A corporation that is operated privately, but is supported by the government in its operations and that often traded publicly.

Quasi-Public Corporation

A publicly traded company partially owned or at least guaranteed by a government for some purpose thought to benefit the community. For example, a government may create a quasi-public corporation that sells mortgages to encourage homeownership. Quasi-public corporations are considered low-risk investments because of the express or implied guarantee that the government would not allow the company to go bankrupt. However, quasi-public corporations are required to place their mission above providing a profit to stockholders. See also: GSE.

quasi-public corporation

A privately operated firm having legislatively mandated public responsibilities. A quasi-public corporation may have publicly traded shares of stock. Fannie Mae is a quasi-public corporation established to make a secondary market in mortgages. The firm is privately owned but publicly traded and its shares of common stock are listed on the New York Stock Exchange.

Quasi-public corporation.

In the United States, quasi-public corporations have links to the federal government although they are technically in the private sector.

This means that their managers and executives work for the corporation, not the government. And, in many cases, you can buy stock in a quasi-public corporation, expecting to share in its profits.

Many quasi-public corporations were originally federal agencies that have been privatized. Among the best known are Fannie Mae, Freddie Mac, and Sallie Mae. They securitize consumer loans and sell them in the secondary market.

The US Postal Service is also a quasi-public corporation, as is the Tennessee Valley Authority (TVA).

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References in periodicals archive ?
Connecticut Innovations (CI) is a quasi-public corporation providing equity, debt and bond financing and other forms of financial assistance to companies in all stages of the business life cycle, from startup to later stage.
The Commonwealth Corporation, a quasi-public corporation within the Executive Office of Labor and Workforce Development, will distribute the grant and work with the Massachusetts Mentoring Partnership to train the recipients.
WCF, a quasi-public corporation, has returned $302 million in dividends back to policy holders since 1992.
As a quasi-public corporation, the WCF exists to serve an essential public purpose, to provide workers' compensation insurance, all the while being private in ownership.
City Controller Laura Chick, who has been auditing the quasi-public corporation, says the EIDC's records are so confusing and incomplete that it's hard to determine how much money it spent, and on what.
KSD is a quasi-public corporation affiliated with the labor ministry that offers industrial insurance to small and medium-sized companies.
High profits, high prices, and an elitist image made the PGS a political issue in mass politics, and republicans decided that as a quasi-public corporation the company should liberalize its labor practices.
The CTC would be a quasi-public corporation, probably located in Washington, D.
MTDC is a Boston-based venture capital firm formed in 1978 as a quasi-public corporation by an act of the state Legislature.
The Connecticut Lottery became the Connecticut Lottery Corporation on July 1, 1996, marking the first time a state lottery transitioned from a state agency to a quasi-public corporation.
In September, law enforcement investigators raided the EIDC's offices and two of Cluff's homes after learning that the quasi-public corporation had given tens of thousands of dollars in campaign contributions to elected officials on its board, as well as to causes, including $25,000 to fight secession movements.