Business, Legal & Accounting Glossary
noun a privately owned company controlled by a few shareholders (in the UK, fewer than five) where the public may own a small number of the shares (NoteThe US term is close corporation or closed corporation.) a privately owned company controlled by a few shareholders (in the UK, fewer than five) where the public may own a small number of the shares
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This glossary post was last updated: 20th November, 2021 | 0 Views.