Close company


 

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Close company

A company in which the directors control more than half the voting shares, or where such control is exercised by five or fewer people and their associates.



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Mortgage Company

Mortgage Company

A company authorized to service real estate loans, charging a fee for this service.


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Regulated investment company

An investment company allowed to pass capital gains, dividends, and interest earned on fund investments directly to its shareholders so that it is taxed only at the personal level, and double taxation is avoided.


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See: 'listed company'.


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A firm that that invests the funds of investors in securities appropriate for their stated investment objectives in return for a management fee. See also: Mutual fund.


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