private company

noun

Definition of private company

: a company under British law restricting the right of its stockholders to transfer their shares, limiting its members to 50 exclusive of shareholders who are present or former employees, and not inviting the public to subscribe for any shares or debentures

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Cite this Entry

“Private company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/private%20company. Accessed 28 Oct. 2021.

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