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closed corporation

American

noun

an incorporated business the stock of which is owned by a small group.

closed corporation British

noun

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" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

He hates professional musicians "because professional musicians �professionals, not amateurs�hate music, and composers are even worse; they're a closed corporation."

From Time Magazine Archive

And closemouthed Carl celebrated his wonder machine's tenth anniversary by giving out the nearest thing yet to a financial statement for his closed corporation.

From Time Magazine Archive

The Marmon-Herrington Co.�most picturesque of all U.S. truckmakers�last week was a closed corporation no longer.

From Time Magazine Archive

Unlike J. P. Morgan & Co., the new house will not be a partnership but a closed corporation.

From Time Magazine Archive

A new scholarship boy had one day been assigned to the closed corporation of our particular class-room.

From A Labrador Doctor The Autobiography of Wilfred Thomason Grenfell by Grenfell, Wilfred Thomason, Sir

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023