close corporation

American  

[klohs] / kloʊs /

noun

1. closed corporation.

---

close corporation British  

/ kləʊs /

noun

1.  c.c..  a small private limited company

---

Etymology

Origin of close corporation

First recorded in 1915–20

Example Sentences

It has, in the intellectual sphere, crushed the old authority which embodied superstition, antiquated prejudice, and a sham system of professional knowledge, which was upheld by a close corporation.

From English Literature and Society in the Eighteenth Century by Stephen, Leslie, Sir

This privilege ultimately became merely a theoretical right at Bologna, where the teachers tended to become a close corporation of professors, like the Senatus of a Scottish University.

From Life in the Medieval University by Rait, Robert S.

At meal time they were, therefore, a close corporation.

From Marjorie Dean College Freshman by Lester, Pauline

After that period, in the order of things, the coiners formed themselves into a close corporation, with masters, associates, and apprentices, and held jealously to their privileges.

From Pictures of German Life in the XVth XVIth and XVIIth Centuries, Vol. II. by Freytag, Gustav

A Royal Charter, making the proposed university a close corporation under the control of Anglican clergymen, was obtained.

From Egerton Ryerson and Education in Upper Canada by Putnam, J. Harold