The standard legal designation of a company which has offered shares to the general public and has limited liability. A Public Limited Company's stock can be acquired by anyone and holders are only limited to potentially lose the amount paid for the shares. It is a legal form more commonly used in the U.K. Two or more people are required to form such a company, assuming it has a lawful purpose.
Read more: Public Limited Company (PLC) Definition | Investopedia http://www.investopedia.com/terms/p/plc.asp#ixzz3rleOV1Ei
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