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Finance Dictionary and Glossary of Investment Terms
A corporation that is operated privately, but is supported by the government in its operations and that often traded publicly.
Privately operated corporation with some sort of government backing, and specifically mandated responsibilities that are stated in the corporation's legal charter. Examples include Fannie Mae and Sallie Mae. Though quasi-public corporations can usually issue stocks publicly, their primary responsibility is always to carry out their designated mandates, and creating shareholder value is a secondary objective.