Business Ownership Terms

noun justice according to natural law or right; specifically : freedom from bias or favoritism

• The company's board of directors discussed the issue of equity among the employees.
• We need to make sure there's fairness and equity in how we distribute the workload.
• I heard that the new manager is all about equity and making sure everyone gets a fair shake.
• In the game of life, we must strive for equity in opportunities and outcomes.

noun the greater number or part; more than half

adjective constituting or forming the greater part of a whole

• The majority of the population voted in favor of the new policy.
• Most of the people in the town are excited for the upcoming festival.
• The vast majority of students skipped class to go to the beach.
• The majority of the team rallied together to complete the project on time.

noun a group of people or things that is a smaller part of a larger group

adjective being the smaller in number or quantity

• The government is working to protect the rights of the minority groups in the country.
• It's important to stand up for the rights of minorities in our community.
• Don't be a jerk, show some respect for the minority groups around you.
• In a garden full of roses, be the unique minority of a sunflower.

noun a person who owns or has the exclusive right to something, such as a business or property

• The proprietor of the hotel greeted us warmly upon our arrival.
• The shop proprietor is always friendly and helpful.
• The bar's proprietor is a cool dude who knows how to throw a party.
• As the proprietor of her own destiny, she made bold decisions to shape her future.

noun the state of being a proprietor

• The proprietorship of the business was passed down from generation to generation.
• The small shop is just a proprietorship run by a family.
• I heard that new coffee joint is a cool proprietorship.
• Her creative mind was the proprietorship of her success.

noun a form of ownership in which the owner does not reside on or personally manage the property or business

• Absentee ownership refers to the situation where an individual or entity owns a property but does not reside on or actively manage it.
• Absentee ownership means owning a property but not being there to take care of it.
• Having absentee ownership of a place is like being a ghost landlord.
• In a way, absentee ownership can make you feel disconnected from your own property.