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(BUSINESS) a closely-held corporation has all or most of its stock owned by the management of the firm. In many cases, it has no stock at all (see "going public"), in which case it is a private company.

Usually people say "private corporation" to mean any company that is unaffiliated with the government, or any company run mainly for profit. It's impossible to buck this trend, so corporations with no issues of stock, or negligible amounts of stock held by the public, are called "private companies" despite the fact that not all companies are corporations. Cargill, Inc., for example, has annual revenues of $117 billion, but no shares available for trade. On the other hand, PricewaterhouseCoopers and Ernst & Young are private companies but not a corporations. They are limited liability partnerships. The term "closely held" would not apply to them since partnerships do not issue stock.
Koch Industries is a super-sized, closely held corporation with two owners--Charles and David Koch, heirs to the oil refiner Fred Koch. Thanks to this peculiar status, magazines like Forbes are not allowed to report ANY financial statistics of the company at all (sales figures are suspiciously rounded to "$100,000,000,000.00").

Publix Super Markets (at the other end of the spectrum) is closely held--by its 125,000 employees.
by Abu Yahya September 02, 2010
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May 26 Word of the Day
"Bi wife energy" is a term that was coined through a song by the user @/cringelizard on Tik Tok to describe the energy that Misha Collins radiates, explaining it with the fact that he is married to a bisexual woman, Victoria Vantoch. The full song can be found on all music streaming services and YouTube.

People with bi wife energy are fiercely supportive of the LGBTQ+ community, their love for their spouse, if they have one, is strong and people sometimes assume they are queer.

In their first video about this, @/cringelizard referred to Misha as a "hetero guy", but amended in a later added verse that the actor does not like labels.

The term "bi wife energy" can be used for people of all genders, regardless of relationship status, although "bi husband energy" has also been used in several videos across Tik Tok.

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Lyric excerpt:

(Verse 2)
Now sometimes people assume I'm queer
And I have to say, hey! just a straight guy here
But I get it a lot, and I don't mean to be cruel
It's just that my wife is a bisexual

(Chorus)
Bi wife energy
He has bi wife energy
BI wife energy (yeah)
He has bi wife energy
"You know Misha Collins?" "You're talking about that actor, right? The one that radiates bi wife energy?"

"Amy Santiago has so much bi wife (bi husband) energy!"
via giphy
by notoriouswriter March 21, 2021
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