closed corporation


closed corporation
noun
a corporation owned by a few people; shares have no public market
Hypernyms: ↑corporation, ↑corp
Hyponyms: ↑family business

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noun

many boroughs had previously been closed corporations in which aldermen co-opted whom they pleased to fill vacancies — W.H.Wickwar

snobbish to the core and its society is still a closed corporation — J.E.Jennings

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an incorporated business the stock of which is owned by a small group.

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closed corporation,
a corporation whose stock is held by a few people, often by members of a single family.

Useful english dictionary. 2012.

Look at other dictionaries:

  • closed corporation — A type of business corporation that is owned and operated by a small group of people. Dictionary from West s Encyclopedia of American Law. 2005. closed corporation A type of business corporation tha …   Law dictionary

  • Closed Corporation — A business that is set up using a corporate business structure, but in which all the shares are held by a select few individuals who are usually closely associated with the business. Participating in a closed corporation enables a partnership to… …   Investment dictionary

  • closed corporation — corporation whose stock is owned by a small number of people …   English contemporary dictionary

  • closed corporation — closed′ corpora′tion n. bus an incorporated business owned by a few individuals who seldom sell their stock and so retain control …   From formal English to slang

  • closed corporation — noun Date: 1924 close corporation …   New Collegiate Dictionary

  • closed corporation — an incorporated business the stock of which is owned by a small group. Also, close corporation. * * * …   Universalium

  • closed corporation — A corporation whose shares are owned by just a few people, having no public market. Bloomberg Financial Dictionary …   Financial and business terms

  • Volkspares Closed Corporation — Rechtsform 1946 bis 2003: Limited seit 2003: Corporation Gründung 1946: Volkswagen SA Spares Corporation …   Deutsch Wikipedia

  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

  • closed company — ➔ company * * * closed company UK US noun [C] (also closed corporation, also close company, also close corporation) ► FINANCE, STOCK MARKET a company whose shares are owned by a sm …   Financial and business terms


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