GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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Privately Held Company


Synonyms:close corporation, privately owned business, unlisted company, unquoted company
Filed Under: financial-banking, investments
Tags: banking, investment
 

Definition of privately held company

privately held company
1. A company with a small number of shareholders that is not publically traded on a stock exchange. Privately held companies can exist as sole proprietorships, partnerships, or corporations. Also known as a "privately owned business," "close corporation," "unquoted company," or an "unlisted company."

Related Terms and Acronyms:

  • business (busn)   A company, either for-profit or non-profit.
  • common stock (CS)   A security that allocates partial ownership in a corporation, but at a lower standing than preferred stocks.
  • corporation   A legal entity that is legally separate from its owners and employees.
  • incorporated business   A company that exists as a corporation.
  • initial public offering (IPO)   When shares of a corporation become available to the public for the first time.
  • preferred stock   A type of security that signifies part ownership in a corporation and is given preferential treatment over common stocks.
  • publicly traded company   A company that is sold on a stock exchange.
  • revenue   Money earned by a company from its business activities.
  • sole proprietorship   A business owned by an individual where no legal distinction is made between the business and the owner.
  • stock   A share of the ownership of a company.

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