PROPRIETORSHIP

Pronunciation (US): (GB):

Meaning:

An unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits

Synonyms:

proprietary; proprietorship

Classified under:

Nouns denoting possession and transfer of possession

Hypernyms ("proprietorship" is a kind of...):

ownership (the relation of an owner to the thing possessed; possession with the right to transfer possession to others)

Derivation:

proprietor ((law) someone who owns (is legal possessor of) a business)