parastatal
Pronunciation:
/paɹəˈsteɪtəl//ˌpæɹəˈsteɪdəl/noun
Definitions
A company, agency, or intergovernmental organization that possesses political clout and is separate from the government, but whose activities serve the state, either directly or indirectly.
adjective
Definitions
Pertaining to such a company or group.