closed corporation
noun
an incorporated business the stock of which is owned by a small group.
Also
close corporation.
Words nearby closed corporation
closed circuit,
closed circuit method,
closed comedo,
closed community,
closed cornice,
closed corporation,
closed couplet,
closed cycle,
closed dislocation,
closed door,
closed drainage
British Dictionary definitions for closed corporation
closed corporation
noun
US
a corporation the stock of which is owned by a small number of persons and is rarely traded on the open market
Also: close corporation