Entry from British & World English dictionary
Definition of private company in English:
A company whose shares may not be offered to the public for sale and which operates under legal requirements less strict than those for a public company.
- Forbes uses the value of publicly traded shares and private companies to obtain its figures.
- It is indeed the basis of the distinction made in the Act between a public company and a private company.
- The consultant advised that the project be franchised out to a private company through public tender.
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