Financial Definition of PLC
What It Is
How It Works
More common in the U.K., public limited companies (PLC) offer shares of stock to any interested investor. Each share carries with it limited liability concerning the associated degree of possible loss. In most cases, losses are limited to the amount paid for the stock. In order to bear the PLC designation, a company must be legitimate and registered to trade on a stock exchange (e.g., FTSE or NYSE).
Seen and Heard
What made you want to look up PLC? Please tell us where you read or heard it (including the quote, if possible).