A corporation that is created by a government or municipality to carry out a purpose that is beneficial to the public, e.g. the operations of a public zoo or library. … [Read more...]
PUBLIC PASSAGE
This term is synonymous with public highway, with this difference; by the latter, is understood a right to pass over the land of another; by the former is meant the right of going over the water which is on another's land. … [Read more...]
PUBLIC CHARGE
A person who is in such poor financial condition that the government (the public) must pay for the cost of his or her care (a charge.) … [Read more...]
PUBLIC POLICY
(I) By public policy is meant that which the law encourages for the promotion of the public good. 2. That which is against public policy is generally unlawful. For example, to restrain an individual from marrying, or from engaging in business, when the restraint is general, in the first case, to all persons, and, in the second, to all trades, business, or occupations. But if … [Read more...]
PUBLIC COMPANY
A company that is listed on the stock exchange, publicly held by the shareholders and subject to special rules and requirements. … [Read more...]