Define: Quasi-Public Corporation

Business, Legal & Accounting Glossary

Definition: Quasi-Public Corporation



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Full Definition of Quasi-Public Corporation


A quasi-public corporation is a privately operated company that is also supported by the government and trades publicly. Because a quasi-public corporation has government backing, it is often required to carry out specifically mandated responsibilities; this is typically the primary responsibility of a quasi-public corporation – creating shareholder value by issuing stocks comes second. Another way to view a quasi-public corporation is as a government unit with an important, significant degree of autonomy; still, a quasi-public corporation is technically in the private sector, though it has strong links to the federal government. As such, the managers and executives of a quasi-public corporation do not work for the government – they work for the corporation itself.

A quasi-public corporation may result because the government wants to promote a particular activity, such as student loans, but does not want the administrative burden that accompanies the activity. An example of a quasi-public corporation is the US Postal Service or Sallie Mae.


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Quasi-Public Corporation. PayrollHeaven.com. Retrieved April 06, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/quasi-public-corporation/

Definition Sources


Definitions for Quasi-Public Corporation are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 1st April, 2020