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closely held
adjective
Definition of closely held
: having most stock shares and voting rights in the hands of a few a closely held business
From the M-W Editors
First Known Use of closely held
1946
Law Dictionary
closely held
adjective
close·ly held
\ˈklōs-lē-ˈheld\
Legal Definition of closely held
: having most stock shares and corporate voting rights in the hands of a few shareholders
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