closed corporation (redirected from Closely-Held Company)

closed corporation

n.

A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. Also called close corporation.

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closed corporation

n

(Business / Commerce) US a corporation the stock of which is owned by a small number of persons and is rarely traded on the open market Also close corporation

Thesaurus

Noun

1.

closed corporation - a corporation owned by a few people; shares have no public market close corporation, private corporation, privately held corporation corp, corporation - a business firm whose articles of incorporation have been approved in some state family business - a corporation that is entirely owned by the members of a single family