Ownership is the state of owning something. Anything that people own or possess gives them the quality of ownership. Wars are often fought over the ownership of land.

When you buy a book, you own it. Add the suffix ship to owner, and now you have ownership of that lovely book. If you buy a house, you have ownership of it. Politicians like to talk about the “American dream of home ownership.” If you buy a lottery ticket, you have ownership of that, too. If you win big, you’ll have ownership of lots of cash and then you, too can realize that American dream.

Definitions of ownership

n the state or fact of being an owner

Type of:
the way something is with respect to its main attributes

n the act of having and controlling property

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actual possession
(law) immediate and direct physical control over property
constructive possession
(law) having the power and intention to have and control property but without direct control or actual presence upon it
criminal possession
(law) possession for which criminal sanctions are provided because the property may not lawfully be possessed or may not be possessed under certain circumstances
holding, keeping, retention
the act of retaining something
illegal possession
possession of controlled substances
the act of holding back or keeping within your possession or control
the act of storing something
Type of:
the activity of managing or exerting control over something

n the relation of an owner to the thing possessed; possession with the right to transfer possession to others

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common ownership
exclusive individual ownership
property right
the legal right of ownership
proprietary, proprietorship
an unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits
employee ownership
ownership of a business by the people who work for it
ownership of land; the state or fact of owning land
ownership of stocks; the state or fact of holding stock
public domain
property rights that are held by the public at large
(civil law) the right to all of that which your property produces whether by growth or improvement
Type of:
an abstraction belonging to or characteristic of two entities or parts together

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