proprietorship
noun[U]
uk/prəˈpraɪətəʃɪp/usthesituationofowningsomething:
proprietorship over sthZimbabwegrantedproprietorship overwildlifetolandowners.
LAW
aparticularlegalformfor asmallcompanyin somecountries:
Thelegalformatsavailable: proprietorship,partnership, orlimitedliabilitycompany, areoutdated.
See also
sole proprietorship