noun, plural mesdames [mey-dam, -dahm] , for 1; madams for 2, 3.
(often initial capital letter) a polite term of address to a woman, originally used only to a woman of rank or authority: Madam President; May I help you, madam?
the woman in charge of a household: Is the madam at home?
the woman in charge of a house of prostitution.

1250–1300; Middle English madame < Old French, orig. ma dame my lady; see dame

madam, madame. Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
madam (ˈmædəm)
n , pl (for sense 1) madams, mesdames
1.  a polite term of address for a woman, esp one considered to be of relatively high social status
2.  a woman who runs a brothel
3.  informal (Brit) a precocious or pompous little girl
4.  informal (South African) the madam the lady of the house
[C13: from Old French ma dame my lady]

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Word Origin & History

c.1300, from O.Fr. ma dame, lit. "my lady," from L. mea domina (cf. madonna). Meaning "female owner or manager of a brothel" is first attested 1871.
Online Etymology Dictionary, © 2010 Douglas Harper
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Example sentences
And finally the madam of the establishment mocks the whole bunch by pretending she is a queen.
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