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It's an abbreviation of "mistress," the old feminine form of "mister" ("master").

For comparison, think of "waiter" and "waitress," "host" and "hostess," "actor" and "actress," and many other gender-specific terms that have fallen out of use only very recently.

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Q: What is the origin of the title Mrs. I heard it was that the Mr. now owns the woman so she becomes his Mrs. In other words she's Mr's woman wife or property.?
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