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Meaning of “proprietary company” in the English Dictionary

"proprietary company" in Business English

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proprietary companynoun [C]

uk   us  
a ​company that ​owns enough ​shares of another ​company to ​control it: Mutuals ​delivered better ​returns than ​proprietarycompanies.
LAW in Australia, New Zealand, and South Africa, a ​type of limitedcompany (= one whose ​owners only have to ​paypart of the ​money they ​owe if it ​fails). ​Proprietarycompanies have the ​lettersPty after their ​name.
(Definition of proprietary company from the Cambridge Business English Dictionary © Cambridge University Press)
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“proprietary company” in Business English

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