| / English Dictionary |
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)
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