absentee ownership
English
Pronunciation
- (US) IPA(key): /ˌæb.sn̩ˈti ˈoʊ.nɚˌʃɪp/
Noun
absentee ownership (countable and uncountable, plural absentee ownerships)
- (economics, business, uncountable) Ownership of business or property by parties rarely present.
- The property lapsed into disrepair under decades of absentee ownership.
- The numerous absentee ownerships made it difficult for the owners to make common cause.