Home › Words › P › parastatalparastatal/paɹəˈsteɪtəl/parastatal · adj — pertaining to such a company or group.Definition from Wiktionary (CC BY-SA 3.0).parastatal is pronounced /paɹəˈsteɪtəl/.EtymologyFrom French, equivalent to para- + statal.adjPertaining to such a company or group.e.g.“‘Parastatal’ organizations – local councils, representatives of business, the Red Cross – had been increasingly filling the gap left by the government’s maladministration [...].” — 2009, Diarmaid MacCulloch, A History of Christianity: The First Three Thousand Years, Penguin, published 2010, page 918:nounA 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.Definitions & examples from Wiktionary (CC BY-SA 3.0).