Definition of proprietorship
2 : something (such as land or a business) owned by a proprietor Each business organization is structured in one of three ways: (1) as a sole proprietorship, (2) as a partnership, or (3) as a corporation. A sole proprietorship is owned and operated by one individual. The owner reaps all profits and is responsible for all the debts of the business.— Harriet E. Jones et al. Six of the colonies that eventually would form the nation were either founded or came under English rule during that period: New York, New Jersey, Pennsylvania (including Delaware), and North and South Carolina. All were proprietorships: that is, like Maryland they were granted in their entirety to one man or a group of men, who both held title to the soil and controlled the government. Charles II gave these vast American holdings as rewards to the men who had supported him during his years of exile.— Mary Beth Norton et al.
Love words? Need even more definitions?Merriam-Webster unabridged
Words at Play
Ask the Editors
Commonly Confused Words Quiz
Take a (break/brake) and (pore/pour) over this (c...
Words Named After People
Find out who’s behind "leotard," "morphine," an...
How Strong Is Your Vocabulary?
Test your vocabulary with our 10-question quiz!
Spelling Bee Quiz
Can you outdo past winners of the National Spelli...