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Definitions from WordNet
Adjective closely-held has 1 sense | ||||
Definitions from the WebClosely-HeldDefinitionClosely-held, as an adjective, refers to an organization or company whose ownership is concentrated among a small number of individuals or family members, usually with restricted shares. It implies that control and decision-making power are held by a select few, often contributing to a more personalized and familial approach to governance. Senses
UsagesPopular Usage: The closely-held corporation has successfully maintained a family-like atmosphere throughout its growth, fostering loyalty and dedication among employees. Local Usage: In our small town, most businesses are closely-held, passed down through generations, which helps preserve the community's traditions and values. Example Sentences1. The closely-held partnership allowed the founding members to maintain control over strategic decisions. 2. As a closely-held corporation, the company prioritized communication and collaboration among its board members. 3. In a closely-held organization, decision-making processes are often quicker and more flexible due to the close relationship between owners. 4. Families in the region have relied on the closely-held agricultural businesses for employment and stability for decades. 5. The closely-held nature of the company made it difficult for outsiders to acquire shares and influence its direction. Related ProductsExplore closely-held company structures and their benefits: | ||||
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