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The phrase literally means "innominate partnership" or "anonymous venture" and comes from the fact that the partners (the shareholders) are not directly known. This is in contrast to the term for a private limited company, which is called Besloten Vennootschap (an "exclusive" or "closed partnership", one in which stock is not for sale on open markets).
The Naamloze Vennootschap is a legal entity in The Netherlands, Belgium, Aruba, Suriname, The Netherlands Antilles, and Indonesia, although in Indonesia the Indonesian translation Perseroan Terbatas (PT) is more commonly used.
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