close corporation

play
noun \ˈklōs-\

Definition of close corporation

  1. :  a corporation whose stock is not publicly traded but held by a few persons (such as those in management)

First Known Use of close corporation

circa 1902


Law Dictionary

close corporation


Seen and Heard

What made you want to look up close corporation? Please tell us where you read or heard it (including the quote, if possible).

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!

WORD OF THE DAY

an incorrigible rascal

Get Word of the Day daily email!

WORD GAMES

Take a 3-minute break and test your skills!

  • istock-refers-to-this-as-a-tumble-of-strawberries-which-sounded-pretty-nice-to-us
  • Which is a synonym of garner?
True or False

Test your knowledge - and maybe learn something along the way.

TAKE THE QUIZ
SCRABBLE® Sprint

Test Your Knowledge - and learn some interesting things along the way.

TAKE THE QUIZ

Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!