closely held corporation

/ˌkloʊsli hɛld ˈkɔrpəˌreɪʃən/
IPA guide

Definitions of closely held corporation
  1. noun
    stock is publicly traded but most is held by a few shareholders who have no plans to sell
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    type of:
    corp, corporation
    a business firm whose articles of incorporation have been approved in some state
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