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ownership

[oh-ner-ship] /ˈoʊ nərˌʃɪp/
noun
1.
the state or fact of being an owner.
2.
legal right of possession; proprietorship.
Origin
1575-1585
1575-85; owner + -ship
Related forms
interownership, noun
self-ownership, noun
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2014.
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British Dictionary definitions for interownership

ownership

/ˈəʊnəʃɪp/
noun
1.
the state or fact of being an owner
2.
legal right of possession; proprietorship
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Word Origin and History for interownership

ownership

n.

1580s, from owner + -ship. Ownership society (2003) was popularized by U.S. president George W. Bush.

Online Etymology Dictionary, © 2010 Douglas Harper
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Encyclopedia Article for interownership

ownership

the legal relation between a person (individual, group, corporation, or government) and an object. The object may be corporeal, such as furniture, or completely the creature of law, such as a patent, copyright, or annuity; it may be movable, such as an animal, or immovable, such as land. Because the objects of property and the protected relations are different in every culture and vary according to law, custom, and economic system and the relative social status of those who enjoy its privileges, it is difficult to find a least common denominator of "ownership." Ownership of property probably means at a minimum that one's government or society will help to exclude others from the use or enjoyment of one's possession without one's consent, which may be withheld except at a price.

Learn more about ownership with a free trial on Britannica.com
Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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