Public-service Corporation (Noun)
Meaning
A company that performs a public service; subject to government regulation.
Classification
Nouns denoting groupings of people or objects.
Examples
- The local public-service corporation provided electricity and water to the entire city, and was therefore subject to strict government regulations.
- As a public-service corporation, the company was required to maintain a certain level of service quality and make its financial records publicly available.
- The public-service corporation that managed the city's transportation system was heavily subsidized by the government to keep fares low for commuters.
- After a series of complaints about poor service, the government threatened to revoke the public-service corporation's license to operate.
- The public-service corporation that provided healthcare services to low-income families was exempt from certain taxes in exchange for its commitment to serving the community.