closely held

Definition

A corporation for which most of the voting stock is held by a small number of shareholders, but which is still publicly traded. These shares are generally not available to the public, and given the fact that there are few shareholders, the shares are usually very thinly traded.

Use closely held in a sentence

Her love was closely held to my heart and I knew that it would remain there with me forever and ever.

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You should always try to make sure that you know how any closely held company is doing and look for a way to get involved.

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The closely held company ensured that no drastic voting measures would unexpectedly occur because everyone was on the same page.

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