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private company

noun, British
1.
a company whose shareholders may not exceed 50 in number and whose shares may not be offered for public subscription.
Compare public company.
Origin
1905-1910
1905-10
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for private-company

private company

noun
1.
a limited company that does not issue shares for public subscription and whose owners do not enjoy an unrestricted right to transfer their shareholdings Compare public company
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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