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closed corporation

American

noun

an incorporated business the stock of which is owned by a small group.

closed corporation British

noun

Also: close corporation. a corporation the stock of which is owned by a small number of persons and is rarely traded on the open market

"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

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

Unlike J. P. Morgan & Co., the new house will not be a partnership but a closed corporation.

From Time Magazine Archive

The union has been totally familial, a closed corporation.

From Time Magazine Archive

And closemouthed Carl celebrated his wonder machine's tenth anniversary by giving out the nearest thing yet to a financial statement for his closed corporation.

From Time Magazine Archive

The tycoons, who had run the islands for generations as their closed corporation, fought stubbornly and bitterly.

From Time Magazine Archive

With only his model to prove his claims, the inventor had managed to sell all the stock; and from the very beginning the operations would be carried out by a closed corporation.

From The She Boss A Western Story by Hankins, Arthur Preston

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023