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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company in some countries: The legal formats available: proprietorship, partnership, or limited liability company, are outdated.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 from the Cambridge Business English Dictionary © Cambridge University Press)
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