CLOSELY HELD Definition

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CLOSELY HELD is a description of a corporation whose voting stock is owned by a very small number of shareholders.

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YTD is Year To Date; meaning the period beginning of the calendar year, January 1st of the current year, or the fiscal year up until todays date.

RETURNS OUTWARDS are goods bought on credit from a supplier and returned for some reason to be refunded for (Purchases returns).

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