A company that trades on the stock exchange. The shares can be traded and sold by any member of the public. It is governed by a set of strict regulations. They are required that they publish a true financial position so investors can determine the exact worth of any shares that they hold in the company.
Link to This DefinitionDid you find this definition of PUBLIC LIMITED COMPANY helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary