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Merriam-Webster's Collegiate® Dictionary, 11th Edition

PROPRIETOR

noun
Etymology: alteration of 1proprietary
Date: 1637
one granted ownership of a colony (as one of the original American colonies) and full prerogatives of establishing a government and distributing land,

2. a person who has the legal right or exclusive title to something ; owner, one having an interest (as control or present use) less than absolute and exclusive right, proprietorship noun