closed corporation
–noun | an incorporated business the stock of which is owned by a small group. |
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. |
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
Wall Street Words: An A to Z Guide to Investment Terms by David L. Scott.
Copyright © 2003. Published by Houghton Mifflin.
Cite This Source
Legal Dictionary
Main Entry:
close corporationsee
CORPORATION
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
Cite This Source
(klōs) 
