### Question
Can you define what small business concern owned and controlled by veterans means?


### Answer
**Small business concern owned and controlled by veterans** is defined as the following in *15 U.S.C. § 632*:

> a small business concern—


(A) not less than 51 percent of which is owned by one or more veterans or, in the case of any publicly owned business, not less than 51 percent of the stock of which is owned by one or more veterans

#### Citation:
  - *15 U.S.C. § 632*
  - Heading: **CHAPTER 14A-AID TO SMALL BUSINESS**

