absentee ownership


Definition of absentee ownership

: ownership especially of corporation stock by one residing elsewhere than in the locality where income is derived

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First Known Use of absentee ownership

1832, in the meaning defined above

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The first known use of absentee ownership was in 1832

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Cite this Entry

“Absentee ownership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/absentee%20ownership. Accessed 6 Aug. 2020.

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