public limited company
Definition of public limited company
public limited company (plural public limited companies)
- A publicly traded limited liability company in the United Kingdom and some other states.
- A type or form of for-profit incorporated company where ownership is divided into shares that are publicly tradeable usually in a stock exchange. Acronym: PLC.
A public limited company (legally abbreviated to plc with or without full stops) is a type of limited liability company in the United Kingdom and the Republic of Ireland (and other jurisdictions where companies law is derived from English law) which is permitted to offer its shares to the public.
A public limited company must include the words "public limited company" or its abbreviation "plc" at the end and as part of its legal company name. Certain public limited companies (mostly nationalised concerns), incorporated under special legislation, are exempted from bearing any of the identifying suffixes.
- Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.
TOP LEGAL TERMS THIS WEEK