closed corporation

American  

noun

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

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closed corporation British  

noun

1. 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

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Example Sentences

See Examples For:

closed corporation

Unlike J. P. Morgan & Co., the new house will not be a partnership but 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 tycoons, who had run the islands for generations as their closed corporation, fought stubbornly and bitterly.

From Time Magazine Archive

Those who were inside when the gates slammed have often behaved as if all of Boston were a closed corporation and they the only stockholders.

From Time Magazine Archive

The whole represented a closed corporation of intimacies into which she could no more force her way than a worm into a billiard ball.

From The Dust Flower by Kline, Hibberd V. B. (Hibberd Van Buren)