closed corporation

closed corporation

noun
an incorporated business the stock of which is owned by a small group.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Closed corporation is always a great word to know.
So is slumgullion. Does it mean:
a stew of meat, vegetables, potatoes, etc.
a gadget; dingus; thingumbob.
Collins
World English Dictionary
closed corporation
 
n
(US) Also: close corporation a corporation the stock of which is owned by a small number of persons and is rarely traded on the open market

Collins English Dictionary - Complete & Unabridged 10th Edition
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