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| close cor·po·ra·tion [ klss kawpə ráysh'n ] (plural close cor·po·ra·tions) or closed cor·po·ra·tion [ klss kawpə ráysh'n ] (plural closed cor·po·ra·tions) |
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privately held company: a company, the stock of which is closely held by a limited number of shareholders, usually directors or managers, and not publicly traded
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