private corporation

noun
a corporation owned by a few people; shares have no public market
Hypernyms: ↑corporation, ↑corp
Hyponyms: ↑family business

* * *

noun
1. : a corporation that is not a public corporation : a corporation organized for the profit of its members or in which the entire interest is not held by the state

Useful english dictionary. 2012.

Look at other dictionaries:

  • private corporation — ➔ corporation * * * private corporation UK US noun [C] US ► FINANCE a company that is owned by one person or a small group of people, for example a family, and whose shares are not traded on a stock market: »The business is a private corporation… …   Financial and business terms

  • private corporation — Public and private corporations. A public corporation is one created by the state for political purposes and to act as an agency in the administration of civil government, generally within a particular territory or subdivision of the state, and… …   Black's law dictionary

  • private corporation — corporation owned and run by a private individual …   English contemporary dictionary

  • private corporation — A corporation created for private as distinguished from purely public purposes. Miller v Davis, 136 Tex 299, 130 SW2d 973, 136 ALR 177. The character of a corporation as public or private is determined by the terms of its charter and the general… …   Ballentine's law dictionary

  • corporation — cor·po·ra·tion /ˌkȯr pə rā shən/ n [Late Latin corporatio, from Latin corporare to form into a body, from corpor corpus body]: an invisible, intangible, artificial creation of the law existing as a voluntary chartered association of individuals… …   Law dictionary

  • private — pri·vate adj 1 a: intended for or restricted to the use of a particular person or group or class of persons: not available to the public a private park b: not related to, controlled by, or deriving from the state a private school 2 a: owned by or …   Law dictionary

  • corporation — Under Title 11 U.S.C. Section 101: (9) The term corporation (A) includes (i) association having a power or privilege that a private corporation, but not an individual or a partnership, possesses; (ii) partnership association organized under a law …   Glossary of Bankruptcy

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • corporation — An artificial person or legal entity created by or under the authority of the laws of a state. An association of persons created by statute as a legal entity. The law treats the corporation itself as a person which can sue and be sued. The… …   Black's law dictionary

  • Corporation — A legal person that is separate and distinct from its owners. A corporation is allowed to own assets, incur liabilities, and sell securities, among other things. The New York Times Financial Glossary * * * corporation cor‧po‧ra‧tion… …   Financial and business terms


Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.