Quasi-Public Corporation: In the United States, quasi-public corporations have links to the federal government although they are technically in the private sector. This means that their managers and executives work for the corporation, not the government. And, in many cases, you can buy stock in a quasi-public corporation, expecting to share in its profits. Many quasi-public corporations were originally federal agencies that have been privatized. Among the best known are Fannie Mae, Freddie Mac, and Sallie Mae. They securitize consumer loans and sell them in the secondary market. The US Postal Service is also a quasi-public corporation, as is the Tennessee Valley Authority (TVA).

 

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Quasi-Public Corporation: In the United States, quasi-public corporations have links to the federal government although they are technically in the private sector. This means that their managers and executives work f . . . View Full Definition

Multinational Corporation (MNC): A firm that operates in more than one country.

Mortgage-Backed Securities Clearing Corporation (MBSCC): A wholly owned subsidiary of the Midwest Stock Exchange that operates a clearing service for the comparison, netting, and margining of agency-guaranteed MBS transacted for forward delivery.

National Association Of Investors Corporation: A Michigan-based association that helps groups establish investment clubs.