Definition

Short for Besloten Vennootschap, the Dutch version of a private limited liability company that's basically the Netherlands' answer to Germany's GmbH. You'll see "BV" tagged onto company names throughout the Low Countries, signaling that shareholders' personal assets are protected from corporate debts—because the Dutch love their legal structures almost as much as their bicycles.

Example Usage

After expanding into Europe, the startup registered as TechFlow BV to handle operations in Amsterdam.

Source: Urban Dictionary (https://www.urbandictionary.com/define.php?term=BV&defid=5753784)

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