N.V. (NV or Naamloze Vennootschap)

DEFINITION of 'N.V. (NV or Naamloze Vennootschap)'

An acronym for the Dutch phrase Naamloze Vennootschap, a public company. The N.V. or NV suffix is used in the Netherlands, Belgium, Suriname and the Dutch West Indies. It is also used in Indonesia, Curacao, St. Maarten and Aruba.

BREAKING DOWN 'N.V. (NV or Naamloze Vennootschap)'

Literally, "naamloze vennootschap" means "nameless venture," since the shareholders in a public company can remain anonymous. Stocks of such a company trade on an exchange.

This is the opposite of besloten vennootschap (an "exclusive" or "closed partnership"), which is a private limited company. Stocks of such a company are not for sale on the open market.

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