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2 definitions found
 for political action committee
From The Collaborative International Dictionary of English v.0.48 :

  PAC \PAC\ (p[a^]k), n. [Acronynm from Political Action
     Committee.] (Politics)
     A political action committee, a committee formed by an
     organization or special-interest group to raise money to
     support candidates for office or to influence legislation. A
     PAC provides a legal means for corporations in the U. S. to
     support political candidates even when direct contributions
     from corporations to candidates is forbidden by law. In
     theory, the corporation may not itself contribute to a PAC,
     but may pay the expenses of raising money from individuals.
     PACs may also be formed by organizations other than
     commercial corporations, such as trade associations.
     [Acronym, U. S.]
     Note: PACs became popular in the 1970's after campaign
           finance reform laws put limits on the amount of money
           which an individual can contribute to each candidate
           for public office. In addition to simply supporting
           candidates with specific viewpoints, the unstated
           purpose of PACs is to make politicians aware of their
           viewpoints, by aggregating sums of money into
           significant single donations. This latter effect has
           aroused criticism of PACs from reformers who feel that
           large donations bias the political process.

From WordNet (r) 3.0 (2006) :

  political action committee
      n 1: committee formed by a special-interest group to raise money
           for their favorite political candidates [syn: political
           action committee, PAC]

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