proprietorship
/prəˈpraɪətəʃɪp/ noun [U]Definition
› 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company in some countries: The legal formats available: proprietorship, partnership, or limited liability company, are outdated.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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