closed corporation definition by American Heritage Dictionary
nounThe American Heritage® Dictionary of the English Language, 4th edition Copyright © 2010 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.
A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. Also called close corporation.
closed corporation - Investment & Finance Definition
See closely held company.
Variant of close corporation
a corporation in which a few persons hold all of the stock, which is rarely or never placed on the market
also closed corporation