NOUN | group | privately held corporation, closed corporation, close corporation, private corporation | a corporation owned by a few people |
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Meaning | A corporation owned by a few people; shares have no public market. | |
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Synonyms | closed corporation, close corporation, private corporation | |
Narrower | family business | A corporation that is entirely / entirely owned by the members of a single family |
Broader | corporation, corp | A business firm whose articles of incorporation have been approved in some state |
Spanish | SL, sociedad limitada |
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