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closed corporation

noun
1.
an incorporated business the stock of which is owned by a small group.
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for closed-corporation

closed corporation

noun
1.
(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
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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