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
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