### Question
What does small business concern owned and controlled by veterans mean?


### Answer
**Small business concern owned and controlled by veterans** has the following meaning 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**

