absentee ownership

English

Pronunciation

• (US) IPA^(key): /ˌæb.sn̩ˈti ˈoʊ.nɚˌʃɪp/

Noun

absentee ownership (countable and uncountable, plural absentee ownerships)

1. (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.