Pronounced: ruh-KOH-koh, adj
Notes: I’ve heard this word, but couldn’t definite is accurately
Yesterday’s word
The word parastatal means, as a noun, “a company or agency owned wholly or partly by the government”. As an adjective, it refers to such an organization.
First usage
Our word came into English in the 1940s
Background / Comments
There are probably several examples of our word: a government may own a gift shop or a utility company. I didn’t know that we had a word like our word to identify such things. Our word came from the Greek word para- (beside) combined with “state”, which came from the Latin word status (condition). You will note that our word is another one with only one vowel.
Richard's Vocabulary Word-of-the-Day 