PRIVATE CORPORATION • DICTIONARY ONE.COM • Definition of Private corporation

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/prˈaɪvət kˌɔrpərˈeɪʃən/ Listen

Private corporation

noun

A corporation owned by a few people; shares have no public market. Synonyms: close corporation, closed corporation, privately held corporation.

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Etymology of 'Private corporation'

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"Private corporation" Quotes from Famous Books

... the success of his funding and assumption measures, Hamilton laid before Congress a project for a great United States Bank. He proposed that a private corporation be chartered by Congress, authorized to raise a capital stock of $10,000,000 (three-fourths in new six per cent federal bonds and one-fourth in specie) and empowered to issue paper currency under proper safeguards. Many advantages, Hamilton ...

— History of the United States • Charles A. Beard and Mary R. Beard

Words linked to "Private corporation" : closed corporation, corporation, family business, corp