noun something that is owned by a specific individual or company and is not available to the public
adjective relating to an owner or ownership; privately owned and maintained
In real estate, proprietary leases refer to leases that give tenants exclusive rights to use a property for a specific period of time.
In the legal field, proprietary rights refer to exclusive rights granted to the owner of a patent, trademark, or copyright to use, sell, or license their intellectual property.
In finance, proprietary trading refers to trading activities conducted by a financial institution using its own funds rather than client funds.
In the technology industry, proprietary software refers to software that is owned by a specific company and cannot be freely distributed or modified by others.
In the business world, proprietary information or intellectual property refers to confidential information that is owned by a company and gives it a competitive advantage.
In the publishing industry, writers often sign contracts that give the publisher proprietary rights to their work.
Psychologists may use proprietary assessment tools or software to conduct evaluations and analyze data.
Software developers may work on proprietary code that is owned and licensed by a specific company.
Pharmacists may dispense proprietary medications that are produced by a specific pharmaceutical company.
Engineers may work on proprietary designs or technologies that are owned by their employer.