A company with limited liability, but which is not permitted to issue shares to the public. Contrast with a public limited company. Dresdner Kleinwort Wasserstein financial glossary
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private limited company UK US 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.
Financial and business terms. 2012.