CLOSE CORPORATION

 I. (noun) 

Sense 1

Meaning:

A corporation owned by a few people; shares have no public market

Synonyms:

close corporation; closed corporation; private corporation; privately held corporation

Classified under:

Nouns denoting groupings of people or objects

Hypernyms ("close corporation" is a kind of...):

corp; corporation (a business firm whose articles of incorporation have been approved in some state)

Hyponyms (each of the following is a kind of "close corporation"):

family business (a corporation that is entirely owned by the members of a single family)

Credits