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Home > QFINANCE Dictionary > Definition of close company

Definition of

close company


firm controlled by few shareholders a company in which five or fewer people control more than half the voting shares, or in which such control is exercised by any number of people who are also directors.

Related definitions of "close company"

Definitions of ’close company’ and meaning of ’close company’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’close company’ and other financial terms with our online QFINANCE Financial Dictionary.

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