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English definition of “proprietorship”

proprietorship

noun [U]     /prəˈpraɪətəʃɪp/
the situation of owning something: proprietorship over sth Zimbabwe granted proprietorship over wildlife to landowners .
LAW a particular legal form for a small company in some countries : The legal formats available : proprietorship, partnership , or limited liability company , are outdated . → See also sole proprietorship
(Definition of proprietorship noun from the Cambridge Business English Dictionary © Cambridge University Press)
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