private company

noun British.
a company whose shareholders may not exceed 50 in number and whose shares may not be offered for public subscription.
Compare public company.

Origin:
1905–10

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
private company
 
—n
Compare public company a limited company that does not issue shares for public subscription and whose owners do not enjoy an unrestricted right to transfer their shareholdings

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Private company is always a great word to know.
So is lollapalooza. Does it mean:
an arrangement of five objects, as trees, in a square or rectangle, one at each corner and one in the middle.
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
LEARN MORE UNUSUAL WORDS WITH WORD DYNAMO...
Example sentences
Employers are not required to purchase posters through any private company to
  be in compliance with the posting requirements.
She has also held various tax, audit and litigation support positions at a
  private company and a leading accounting firm.
On the other hand, if there were any impropriety in a private company, the
  public might not get to hear about it.
And it is far easier to fire an executive in a private company than in a public
  one.
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