ownership

noun own·er·ship \ ˈō-nər-ˌship \

Definition of ownership

1 :the state, relation, or fact of being an owner
2 :a group or organization of owners

Examples of ownership in a Sentence

  1. The company is under private ownership.

Recent Examples of ownership from the Web

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'ownership.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

First Known Use of ownership

1583


OWNERSHIP Defined for English Language Learners

ownership

noun

Definition of ownership for English Language Learners

  • : the state or fact of owning something


OWNERSHIP Defined for Kids

ownership

noun own·er·ship \ ˈō-nər-ˌship \

Definition of ownership for Students

:the state or fact of owning something
  • home ownership

Law Dictionary

ownership

noun own·er·ship

legal Definition of ownership

:the state, relation, or fact of being an owner; also :the rights or interests of an owner
absolute ownership
:ownership especially by a single person that is free of any encumbrances or limitations other than statutory law — compare fee simple absolute at fee simple
ostensible ownership \ä-ˈsten-sə-bəl-\
:ownership that is apparent rather than actual and that sometimes is recognized in cases of purchase of the property by an innocent third party
  • a dispute arising from the dealer's ostensible ownership and sale of the collateral
Note: A purchaser from a person with ostensible ownership of property may be able to defeat the claim to the property of the actual owner who created the ostensible ownership.
ownership in indivision
in the civil law of Louisiana :ownership by two or more persons each having undivided shares in the property as a whole — compare community property at property
qualified ownership
:ownership that is limited by time, the interest of another party, or restrictions on the use of the property
  • had only qualified ownership of the fish and game on his property due to state restrictions


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