the value of the proprietor's assets in a business less any external liabilities. Glossary of Business Terms
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Name used to identify a business that is not a separate legal entity but instead is operated by an individual. American Banker Glossary
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An unincorporated business that is owned and operated by only one person who has complete liability for all assets, and complete rights to all profits. Bloomberg Financial Dictionary
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proprietorship UK US /prəˈpraɪətəʃɪp/ noun [U]
► the situation of owning something: proprietorship over sth »
Zimbabwe granted proprietorship over wildlife to landowners.
► LAW a particular legal form for a small company in some countries: »
The legal formats available: proprietorship, partnership, or limited liability company, are outdated.
Financial and business terms. 2012.