A firm that is incorporated, the shares of which are not listed on a public stock exchange . The shares are however held by a small proportion of stockholders .

The cost incurred by the supplier or producer to supply a goods or service. Internal costs such as labor, inputs, rent are included. Costs suchas environmental damage are however not […]

The individuals responsibilites for mortgages and other similar liabilities.

A business operation or firm that is owned and operated by private individuals rather than government agencies.

An investment that comes from a private not corporate investor. The investor usually exits at the first public sale.

An organization that is not related to the government and is notforprofit. The directors and trustees of the foundation contribute and manage the accounts. Usually, charitable institutions, and other related […]

The consumption of an item, that deems it unusable for another individual or party.

The application of specific laws in the case a foreign entity is involved, usually in local legal systems. The validity of the prosecutor’s judgements are also monitored under the private […]

A brand or product that is not owned by the manufacturer . The retailer retains the ability to use their name under the manufacturing contract.

A buyer’s right that allows the modification of the product according to their needs. For example, a business owner through the purchase of the private label rights is able to […]

As used in contradistinction to public law. the term means all that part of the law which is administered between citizen and citizeu, or which is concerned with the definition, […]

A company whose shareholders are offered limited liability . However, ownership restrictions are strictly in place to avoid the hostile takeover attempt by any association or bylaws. The restrictions include […]

A term for a point to point circuit or a leased line .

The private conduct of an individual that not of concern to the society or the government and thus does not warranty an intrusion. In contrast, public morality refers to the […]

An insurance provided to the lender by a private insurance agency that protects the lenders upon foreclosure and requires a deficiency in the event that the loan amount is greater […]

An exclusive network for communication that is owned by a number of firms.

The transportation of private individuals is undertaken in private passenger automobiles.

A debt not registered with the securities regulator. It is sold on a ceveat emptor basis to only experienced investors. It is illiquid and only transfers to a short list […]

The ownership of tangible and intangible goods by an individual who has exclusive rights over it. The transfer of a private property can take place only by the owner’s consent […]

These are the basic rights that a person has to enjoy their own property, to own property and to go where they want to go, etc.

a rule that will affect a person and not the general public. See private law .

An industry that is composed of private companies. The corporate sector and the personal sector are encompassed in the private sector and they are responsible for the allocation of the […]

A trust for the benefit of certain private individuals, and not for the general public.

A firm’s storage facility that is used to store its own goods.

a wrong that has been committed against one or a few people and not one committed against the entire community.