English Dictionary

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shell company

Definitions

noun

(business)
  1. a near-defunct company, esp one with a stock-exchange listing, used as a vehicle for a thriving company
  2. a company that has ceased to trade but retains its registration and is sold for a small sum to enable its new owners to avoid the cost and trouble of registering a new company

Example Sentences Including 'shell company'

Amtelecom would be left as a shell company and would likely pass cash left over to shareholders through dividends, Mr. Stewart said.
Globe and Mail (2003)
He says the takeover is an extraordinary story of Klockner money being hived off to a shell company in the Isle of Man.
Times, Sunday Times (2002)
We are working out a scheme whereby the National Thermal Power Corporation will float a shell company for every mega-project.
Business Today (1998)
{ shell company } a company that is not actively trading but which is still listed on the STOCK EXCHANGE.
Pass, Christopher, Lowes, Bryan Collins Dictionary of Economics

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