WordNet
closely held corporation
n. stock is publicly traded but most is held by a few shareholders who have no plans to sell
Usage examples of "closely held corporation".
Maison Long to be a closely held corporation, fifty-one per cent to you two, forty-nine percent to me, all three of us directors, and we can't sell stock save to each other-except that I retain option to change all or part of my share to nonvoting stock, in which case I can assign it.