🇩🇪German Source WordCode: DE

privates Unternehmen

Pronunciation / Transliteration: /pʁiˈvaːtəs ˈʊntɐˌneːmən/

🇬🇧 Direct English Meaning:
Private company/ˈpraɪ.vət ˈkʌm.pə.ni/
nounCEFR B2 (Upper)Top #2450 frequency
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🇩🇪 Example Sentence in German:

"Das private Unternehmen investiert stark in neue Technologien."

Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    A business corporation whose shares are not traded publicly on a stock exchange and are held by a relatively small number of shareholders or members.

    "Unlike public corporations, a private company is not required to disclose its financial reports to the general public."
  2. 2

    A commercial enterprise owned by non-governmental entities or private individuals.

    "The government awarded the new infrastructure contract to a private company."

Thesaurus & Semantic Spectrum

Linguistic Origin & Historical Etymology

The term combines 'private' (derived from Latin 'privatus', meaning set apart or belonging to an individual) and 'company' (from Old French 'companie', ultimately from Latin 'companio', meaning one who eats bread with another). Historically emerging during the expansion of modern corporate law in the 19th century, it came to define commercial enterprises whose shares are held by private individuals or a small group of investors rather than being publicly traded on a stock exchange.

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