Closed corporation


 

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Closed corporation

A corporation whose shares are owned by just a few people, having no public market.



Closed corporation

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Resolution Funding Corporation (RefCorp)

Resolution Funding Corporation (RefCorp)

A government agency established by Congress in 1989 to issue bailout bonds and raise funds for the activities of the Resolution Trust Corporation, as well as to administer struggling institutions inherited from the disbanded Federal Savings and Loan Corporation.


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A government agency chartered in 1987 to bail out the Federal Savings and Loan Insurance Corporation (FSLIC) by issuing bonds.


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Pension Benefit Guaranty Corporation

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Incorporation

Incorporation

A legal process through which a company receives a charter and the state in which it is based allows it to operate as a corporation.


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Affiliated corporation

A corporation that is an affiliate to the parent company.


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closely held corporation
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