closely held corporation - Investment & Finance Definition
A corporation that is owned by only a few share- holders. Shares of such a company are not available for trading in any meaningful way. If an investor wants to sell or purchase shares, the investor needs to locate existing shareholders and obtain their cooperation.Webster's New World Finance and Investment Dictionary Copyright © 2010 by Wiley Publishing, Inc., Indianapolis, Indiana. Used by arrangement with John Wiley & Sons, Inc.