an incorporated business the stock of which is owned by a small group.
(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


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  • Closed-door

    [klohzd-dawr, -dohr] /ˈkloʊzdˈdɔr, -ˈdoʊr/ adjective 1. held in strict privacy; not open to the press or the public: a closed-door strategy meeting of banking executives. adjective 1. private; barred to members of the public: a closed-door meeting

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