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Meaning of owner-operator

own•er-op•er•a•tor

Pronunciation: (ō'nur-op'u-rā"tur), [key]
— n.
  1. a driver, esp. of a truck or taxicab, who owns and operates a vehicle used to earn a living.
  2. a person who both owns and operates a business.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.