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private limited company

noun

🔊/ˌpraɪvət ˌlɪmɪtɪd ˈkʌmpəni/

🔊/ˌpraɪvət ˌlɪmɪtɪd ˈkʌmpəni/

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(in Britain英国) a type of company, usually small, that does not issue shares to the public. The company's name is usually followed by 'Ltd', short for 'Limited'. compare plc