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English definition of “private limited company”

private limited company

noun [C]
 
 
FINANCE, STOCK MARKET a type of company whose shares are not traded on a stock market and may only be sold if other shareholders agree: The move from a public to a private limited company would facilitate further investment from its biggest shareholder.
→ Compare public limited company
(Definition of private limited company from the Cambridge Business English Dictionary © Cambridge University Press)
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