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WordNet-Online
Definitions from WordNet
Noun private corporation has 1 sense
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Definitions from the WebPrivate CorporationDescriptionA private corporation, also known as a privately held corporation or a close corporation, is a legal entity owned by private individuals or a small group of investors. Unlike a public corporation, its shares are not publicly traded on a stock exchange and are generally held by a limited number of shareholders. Private corporations often have fewer regulatory requirements and offer more control over decision-making to the owners. Sample SentencesSense 1: As a private corporation, ABC Inc. is not obligated to disclose its financial statements to the public. Sense 2: John and his family own a private corporation that operates several local businesses in town. Sense 3: The private corporation decided to launch a new product line to expand its market share. Related Products on Amazon: | ||||
privados privail privalege private-enterprise private-equity private-passenger private-sector private private corporation private detective private domain private enterprise private equity firm private eye private foundation private getaway private instructor
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