: having most stock shares and voting rights in the hands of a few
a closely held business
Example Sentences
Recent Examples on the WebEven his appearance at the conference, sponsored by the American University School of Communication and the Freedom Forum, was closely held until word gradually leaked out in recent days. Al Kamen, Washington Post, 15 Aug. 2022 Information on the cases is closely held by the courts and intelligence services, which have sought to turn some priests under suspicion into informants.New York Times, 14 July 2022 The numbers of battlefield dead and wounded are closely held secrets on both sides.BostonGlobe.com, 10 July 2022 Human resources departments are required to keep some medical data closely held, but a determined law enforcement agent with a search warrant or subpoena could ultimately get access to patient data. Darius Tahir, Fortune, 1 July 2022 How taxpayers get selected for the program of intensive audits — known as the National Research Program — is closely held. Michael S. Schmidt, BostonGlobe.com, 6 July 2022 How taxpayers get selected for the program of intensive audits — known as the National Research Program — is closely held.New York Times, 6 July 2022 The newest study, produced last year, is closely held and not circulated outside the industry, but a copy was obtained by The Times.New York Times, 18 June 2022 While the substance of those conversations remain closely held, some Democrats and outside analysts now expect a possible agreement could raise roughly $1 trillion in revenue and spend about $500 billion over a decade. Andrew Duehren, WSJ, 28 May 2022 See More
Word History
First Known Use
1946, in the meaning defined above
Legal Definition
closely held
adjective
close·ly held
ˈklōs-lē-ˈheld
: having most stock shares and corporate voting rights in the hands of a few shareholders