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

When others have tried to board the subsidy liner, "Club 13" has seemed a closed corporation; three applications have been pending before the board for three years or more, with no action.

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

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

But last week Marshall Field & Co., following the lead of many another closed corporation, decided to let a portion of its stock pass to the public.

From Time Magazine Archive

Gunnery was a closed corporation, and the gunner himself a guildsman.

From Artillery Through the Ages A Short Illustrated History of Cannon, Emphasizing Types Used in America by Manucy, Albert