Definition, Meaning & Synonyms

privately-owned

adjective

/ˈpraɪ.vət.li oʊnd/

Definition

Owned by private individuals or organizations rather than by a government or the public.

Examples

The privately-owned company has a significant market share in the technology sector.
Many privately-owned parks offer unique attractions that differ from public parks.
She invested in a privately-owned business to support local entrepreneurship.

Meaning

The term refers to assets, companies, or entities that are held by private individuals or groups, as opposed to those that are publicly owned or operated.