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closed corporation

   Also found in: Legal, Financial, Acronyms 0.01 sec.
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.
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
ThesaurusLegend:  Synonyms Related Words Antonyms
Noun1.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


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Marriage was an economic pact in which fidelity was essential to maintain a stable home for kids and, in more traditional societies, to ensure the purity of bloodlines--only the wife's chastity could assure the father that the children he was raising, and to whom he would pass on his property, were really his, The family was primarily an economic institution, and monogamy guaranteed that it would remain a closed corporation.
What century is this anyway? by White, Edmund / The Advocate (The national gay & lesbian newsmagazine)
The court rejected the plaintiff's argument that because jasmine was a closed corporation, the defendants had a duty to treat it as a partnership and to respond to the plaintiffs request as if she were a partner.
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To date, the state Department of Justice, which enforces the Gaming Registration Act, has stated that an owner or operator of a gaming club must be an individual, partnership or closed corporation -- not a publicly traded corporation.
Showdown near for Hollywood Park card club plan by Berger, Robin / Los Angeles Business Journal
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