close corporation

American  

[klohs] / kloʊs /

noun

1. closed corporation.

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close corporation British  

/ kləʊs /

noun

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

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Etymology

Origin of close corporation

First recorded in 1915–20

Example Sentences

The governing charter thenceforth in many boroughs, though not in all, was the charter which had established a close corporation, and from this time on to 1835 the boroughs made no progress in constitutional growth.

From Encyclopaedia Britannica, 11th Edition, Volume 4, Slice 3 "Borgia, Lucrezia" to "Bradford, John" by Various

Society, still a close corporation, 198; but more and more subject to external influences, 198; recruited from alien elements, 199; ideal standard of, unaltered, 202.

From Social Transformations of the Victorian Age A Survey of Court and Country by Escott, T. H. S. (Thomas Hay Sweet)

In England, where the opposite principle was adopted, the Ministry became first the committee of an oligarchical Parliament and later a close corporation nominating the legislature which is supposed to check it.

From A History of the United States by Chesterton, G. K. (Gilbert Keith)

This is the great evil of the close corporation system.

From The Galaxy, June 1877 Vol. XXIII.—June, 1877.—No. 6. by Various

He wants to borrow money from the bank and put up the stock of his close corporation as collateral.

From The Price by Lynde, Francis