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shell company

British  

noun

  1. a near-defunct company, esp one with a stock-exchange listing, used as a vehicle for a thriving company

  2. a company that has ceased to trade but retains its registration and is sold for a small sum to enable its new owners to avoid the cost and trouble of registering a new company

"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

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Investigators also identified a shell company possibly used to launder the advertising revenue, which totaled to around $6.2 million, and an investment of $200,000 in cryptocurrency.

From Los Angeles Times • Sep. 3, 2025

The complex accounting trick started in March 2017 when a shell company, with no money or assets, called Severn Trent Trimpley was set up as part of the group.

From BBC • Dec. 9, 2024

That's below the $17.50 share price that the shell company, Digital World Acquisition Corporation, had at the start of the year.

From Salon • Sep. 5, 2024

Trump’s company began trading on stock markets in March, after Trump’s business completed a merger with a shell company designed to be listed on stock exchanges.

From Slate • Aug. 13, 2024

The company disclosed at the time that Borgers had also handled its audits before the company went public by merging with a cash-rich shell company called Digital World Acquisition Corp.

From Seattle Times • May 3, 2024