From Longman Business Dictionaryprivately-ownedˌprivately-ˈowned adjective1ECONOMICSa privately-owned industry or company is not owned by the governmentmunicipal cable TV systems that compete against privately-owned concerns2FINANCEprivately-owned companies are owned by shareholders whose shares are not available for sale to outside investorsThis privately-owned firm doesn’t disclose its revenues and profits.
