Definition of "parastatal" [parastatal]

• Owned or controlled wholly or partly by the government: a parastatal mining corporation. (adjective)
• A company or agency owned or controlled wholly or partly by the government. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "The parastatal is the country's biggest producer of non-ferrous scrap."
• "At present, to be appointed as the chief executive of a parastatal is a ticket to easy street because they are in a totally win-win situation."
• "a so-called parastatal organisation did not prevent its employees from joining unions."