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For-Profit Prison

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A prison that is operated by a private company for profit.

A For-Profit Prison, or private prison, is a place where people are imprisoned by a third party that is contracted by a government agency. Private prison companies typically enter into contractual agreements with governments that commit prisoners and then pay a per diem or monthly rate, either for each prisoner in the facility, or for each place available, whether occupied or not. Such contracts may be for the operation only of a facility, or for design, construction and operation.

There are currently 158 private prisons, for-profit prisons, in the United States.

Source: Wikipedia

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