the relation of an owner to the thing possessed; possession with the right to transfer possession to others
the act of having and controlling property
the state or fact of being an owner
The state of having complete legal control of the status of something.
Ownership of property may be private, collective, or common and the property may be objects, land/real estate, or intellectual property. Determining ownership in law involves determining who has certain rights and duties over the property. These rights and duties, sometimes called a 'bundle of rights', can be separated and held by different parties. The question of ownership reaches back to the ancient philosophers, Plato and Aristotle, who held different opinions on the subject. Plato thought private property created divisive inequalities, while Aristotle thought private property enabled people to receive the full benefit of their labor. Private property can circumvent what is now referred to as the “tragedy of the commons” problem, where people tend to degrade common property more than they do private property. Given a short-sighted owner, however, a private property system can make these tragedies worse—for example, a private owner of a piece of oil-rich property, depending on his worldview, might be more interested in short-term financial gain than incremental use with an eye toward other's concerns. While Aristotle justified the existence of private ownership, he left open questions of how to allocate property between what is private and common and how to allocate the private property within society.
U.S. National Library of Medicine
The legal relation between an entity (individual, group, corporation, or-profit, secular, government) and an object. The object may be corporeal, such as equipment, or completely a creature of law, such as a patent; it may be movable, such as an animal, or immovable, such as a building.
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'ownership' in Spoken Corpus Frequency: #3155
Written Corpus Frequency
Rank popularity for the word 'ownership' in Written Corpus Frequency: #4538
Rank popularity for the word 'ownership' in Nouns Frequency: #1351
The numerical value of ownership in Chaldean Numerology is: 6
The numerical value of ownership in Pythagorean Numerology is: 1
Sample Sentences & Example Usage
'Star Wars' fans want ownership of this record.
What the ownership of Chick-fil-A has said is wrong.
We shared ownership from the beginning of starting the company.
It's not a question of ownership, it's about custody and control.
I think we will see more consumer demand for alternative ownership in 2016.
Images & Illustrations of ownership
Translations for ownership
From our Multilingual Translation Dictionary
- propietat, possessióCatalan, Valencian
- posesión, propiedadSpanish
- omistus, omistaminenFinnish
- possession, propriété, la possessionFrench
- स्वामित्व, मल्कियतHindi
- possesso, proprietàItalian
- 소유권, 所有權Korean
- proprietas, dominiumLatin
- posiadanie, własnośćPolish
- proprietăți, proprietate, posesiuneRomanian
- владение, собственностьRussian
- ägarskap, ägandeSwedish
- స్వామ్యం, యాజమాన్యంTelugu
- malik, iyelik, sahiplikTurkish
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