Archives: Terms

Definition of Public Limited Company A Public Limited Company (PLC) is a type of business entity that offers its shares to the general public on a stock exchange. Investors can buy and sell these shares, and the company must adhere to strict regulations regarding transparency and reporting. Typically larger in […]

Definition of Public Interest Public interest means the welfare or well-being of the general public and society. Policies, actions, or concerns that prioritize the public interest aim to benefit the majority, ensuring that collective needs and values are upheld even if individual interests might sometimes take a backseat. This concept […]

Definition of Public Finance Public Finance refers to the study of the role of the government in the economy. It includes the government’s revenue collection (taxation), expenditure (spending), and debt management. The primary aim of public finance is to manage the economy efficiently, achieve redistribution of income, and maintain economic […]

Definition of Public Expenditure Survey Committee The Public Expenditure Survey Committee, often referred to as the PESC, is a specialized governmental body tasked with reviewing and assessing public spending. The committee’s primary function is to ensure that government expenditures are efficient, justifiable, and aligned with public policy objectives. It evaluates […]

Definition of Public Expenditure Public expenditure refers to government spending on goods and services for the public. This spending can be on a variety of areas such as infrastructure, healthcare, education, defense, and social welfare. The primary aim of public expenditure is to improve economic stability and growth, redistribute income […]

Definition of Public Debt Public debt, also known as government debt or national debt, is the total amount of money that a government owes to external creditors and internal lenders. It includes all financial obligations incurred by the central government and, in some definitions, may also encompass sub-national levels of […]

Definition of Public Corporation A public corporation, also known as a publicly traded company or publicly held company, is a corporate entity where ownership is distributed among general public shareholders through freely traded shares in public markets such as stock exchanges. These corporations are subject to stringent regulatory requirements and […]

Definition of a Public Company A public company, also known as a publicly traded company, is a corporation whose ownership is dispersed among the general public through the free trade of shares on stock exchanges or over-the-counter markets. Shares of a public company are available for purchase by any investor, […]

Definition of PSBR The Public Sector Borrowing Requirement (PSBR) refers to the measure of the fiscal deficit of the public sector. It represents the amount by which the government must borrow to cover its expenses over and above its revenue. The PSBR is a critical indicator of a country’s fiscal […]

Definition of Proxy Vote A proxy vote is a ballot cast on behalf of an absent shareholder by an authorized representative. This mechanism allows shareholders who cannot attend a meeting to still participate in the decision-making process of the company. Their representative, known as a proxy, is entrusted with their […]