Pronunciation: (pri-zīd'), [key]
—v.i., -sid•ed, -sid•ing.
1. to occupy the place of authority or control, as in an assembly or meeting; act as president or chairperson.
2. to exercise management or control (usually fol. by over): The lawyer presided over the estate.
Random House Unabridged Dictionary, Copyright © 1997, by Random House, Inc., on Infoplease.