closely held corporation |
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Definition
Firm (1) whose most (but not all) issued shares are held by a family or a small group of investors, (2) the number of its shares held by the outsiders or public is large enough to provide a basis for it to be listed on a stock exchange. See also closed corporation.
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closely held corporation is in the Banking, Commerce & Finance, Corporate, Commercial, & General Law, Investing and Securities & Futures Trading subjects.
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