closely held

Definition of "closely held"
  1. A company is referred to as 'closely held' when the majority of its shares and decision-making power are concentrated with a limited number of shareholders
How to use "closely held" in a sentence
  1. The family business is closely held, with most of the stocks in the possession of family members.
  2. Although it's a large corporation, it remains closely held, with a few key shareholders.
  3. Investing in a closely held company can be challenging due to the control a few shareholders have.

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