closed corporation

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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
(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

closed′ corpora′tion


n.
an incorporated business owned by a few individuals who seldom sell their stock and so retain control.
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.closed corporation - a corporation owned by a few people; shares have no public market
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
References in periodicals archive ?
During the month under review, a major increase in company registrations was witnessed, both for closed corporations (up 21% month on month) and defensive names (up over 100% month on month).
It was mentioned, that Kyrgyzstan may loose its sovereignty because of closed corporations activities.
The Ministry of Trade should avail a register of the properties of closed corporations, so that if they own land no asset transfers can be done without the Ministry of Lands being aware.