Meaning of the word plc in English

What does plc mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

plc

US /ˌpiː.elˈsiː/
UK /ˌpiː.elˈsiː/

Noun

1.

abbreviation for public limited company: a British company whose stock can be bought and sold by the public and whose debts are limited if it fails financially:

Example:
J Sainsbury plc
Learn This Word at Lingoland