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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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50% - Moderately

Proprietor


Synonyms:freeholder, holder, land owner, owner, possessor, titleholder
Filed Under: financial-banking, legal-contracts, real-estate
Tags: banking, contract, legal, realty
 

Definition of proprietor

proprietor
1. An owner of a business or property.
2. One of the owners of an unincorporated business (a partner). If an unincorporated business has only one owner, he or she would be referred to as the sole proprietor.

Related Terms and Acronyms:

  • commercial property   A parcel in a district zoned for business.
  • entity-purchase agreement   A plan used for businesses with multiple owners where insurance policies are taken out for each owner in the amount of their ownership stake.
  • entrepreneur   A person who starts and manages a business.
  • eviction   The act of kicking someone out of a property, usually for violating terms of a lease.
  • ground rent   Amount a leaseholder pays periodically for use of land only.
  • Homeowners' Association (HOA)   An elected group that governs a subdivision or planned community. It collects fees from owners to maintain common areas and enforce covenants, conditions and restrictions set by the developer and the association itself.
  • income property   Real estate developed or improved to produce income. Also referred to as "non-owner occupied property" or "rental property."
  • landlord   One who rents or leases his or her property to another person or a business.
  • owner occupant   A borrower who resides in the property used as security for the loan.
  • small- and medium-sized enterprises (SMEs)   Limits banks place on businesses to determine there size.
      ➥  A term widely used by the World Bank and the World Trade Organization (WTO).

More Related Terms and Acronyms

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