(Australia, South Africa, business) Proprietary Limited, a type of company that has one or more shareholders and in which the number of shareholders is limited.
Both companies stem from the formation in 1926 of the Australian Cream Tartar Company Pty Ltd to undertake the manufacture of cream of tartar and tartaric acid.
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Regional slang from around the English-speaking world — British, Australian, Irish, Caribbean, Nigerian, Filipino, AAVE, and the hyphenated-English dialects that make the internet sound local.
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