Definition of “private company” - English Dictionary

(Definition of “private company” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“private company” in Business English

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private companynoun [ C ]

uk us

FINANCE a company that is owned by one person or a small group of people, for example a family, and whose shares are not traded on a stock market:

A private company can pay its directors whatever it chooses.

ECONOMICS a company that is not owned by the government:

private and state-run companies

(Definition of “private company” from the Cambridge Business English Dictionary © Cambridge University Press)