CLOSE CORPORATION

IPA (US):

 Dictionary entry overview: What does close corporation mean? 

• CLOSE CORPORATION (noun)
  The noun CLOSE CORPORATION has 1 sense:

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

  Familiarity information: CLOSE CORPORATION used as a noun is very rare.

 Dictionary entry details 

• CLOSE CORPORATION (noun)

Sense 1

Meaning:

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

Classified under:

Nouns denoting groupings of people or objects

Synonyms:

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

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)