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.
We plan absentee ownership as far as running the Yankees is concerned. George Steinbrenner