| 释义 |
closed corporation
closed corporationn. A corporation in which the shares of stock are held by relatively few persons and are not publicly traded. Also called close corporation.closed corporation n (Commerce) 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 closed′ corpora′tion
n. an incorporated business owned by a few individuals who seldom sell their stock and so retain control. Thesaurus| Noun | 1. | closed corporation - a corporation owned by a few people; shares have no public marketclose corporation, private corporation, privately held corporationcorp, corporation - a business firm whose articles of incorporation have been approved in some statefamily business - a corporation that is entirely owned by the members of a single family |
Closed Corporation
Related to Closed Corporation: closely held corporationClosed CorporationA type of business corporation that is owned and operated by a small group of people. A closed corporation is also known as a close corporation, a family corporation, an incorporated partnership, and a chartered partnership. In this type of corporation all of the functions are usually performed by the same parties. These individuals serve as shareholders, officers, and directors and are involved in the management and operation of the business. A closed corporation differs from a publicly held corporation since its stock is neither issued nor traded to the public at large. closed corporation
Closed corporationA corporation whose shares are owned by just a few people, having no public market.Closed CorporationA company in which a small group of shareholders controls the majority of the shares. These majority shareholders tend to hold on to the company's stock, and, for that reason, only minority shares are traded, leading to light trade volume. Closed corporations are, by their nature, resistant to hostile takeovers and proxy wars. They tend to be more stable than other companies because their share prices are not determined by (sometimes irrational) investment decisions, but by the value of the company itself. However, closed corporations do not have access to as much working capital as corporations with more shareholders. They are also called closely held companies.closed corporation See closely held company.AcronymsSeeCCclosed corporation
Related to closed corporation: closely held corporationSynonyms for closed corporationnoun a corporation owned by a few peopleSynonyms- close corporation
- private corporation
- privately held corporation
Related Words- corp
- corporation
- family business
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