Definitions from the Web
Term: majority-owned
Description:
The term "majority-owned" refers to something that is owned by a majority of individuals or entities. It commonly indicates that more than 50% of the ownership or control of a business, organization, or asset is held by a particular group.
Sample Sentences:
- The company is considered majority-owned because over 60% of its shares are held by a single investor.
- This museum is majority-owned by a local foundation, which ensures that its operations align with the local community's interests.
- In a majority-owned partnership, one partner holds more than 51% of the ownership, granting them the ability to make key decisions.
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