Definition of proprietary company
1
: a corporation owning all or a controlling number of the shares of another corporation
2
: a company owning land that it leases or sells to other corporations
3
British
: a privately owned company the shares of which are not offered to the public : close corporation
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“Proprietary company.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/proprietary%20company. Accessed 25 Feb. 2021.
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