family business

/ˈfæmli ˈbɪznɪs/
/ˈfæmɪli ˈbɪznɛs/
IPA guide

Other forms: family businesses

Definitions of family business
  1. noun
    a corporation that is entirely owned by the members of a single family
    see moresee less
    type of:
    close corporation, closed corporation, private corporation, privately held corporation
    a corporation owned by a few people; shares have no public market
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