Public Benefit

Nonprofit Corporation
A nonprofit corporation is an organization legally constituted and operated to serve a public or mutual benefit, rather than to pursue or distribute profits to its directors, members, or shareholders.
Public Use
Public Use refers to the right of the public to use or benefit from the use of property condemned by the government through the exercise of its power of Eminent Domain. One of the limitations upon this use is that the property taken must serve a public benefit or purpose.
Public Works
Public works are government projects designed for the public good and financed by public revenues. These projects include the construction of infrastructures such as dams, highways, schools, and government buildings.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.