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Private corporation
/pɹˈaɪvət kˌɔːpəɹˈeɪʃən/
/pɹˈaɪvət kˌɔːɹpɚɹˈeɪʃən/
Private corporation
01
a corporation owned by a few people; shares have no public market
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a corporation owned by a few people; shares have no public market