Abbreviations

Results for query public

term
public
definition

type of financial model where services are provided by an administrative authority in an attempt to better serve societal interests

NOTE 1 to entry The transport service is typically offered to the transport consumer for less than the full capital and operating cost of providing the service, but this is not a requirement.

NOTE 2 to entry Typically, the administrative authority is a local government agency; but it could be another administrative authority, such as the national government or a commercial entity managing transport needs on their campus.

standard (extract)