ownership

[oh-ner-ship]
noun
1.
the state or fact of being an owner.
2.
legal right of possession; proprietorship.

Origin:
1575–85; owner + -ship

interownership, noun
self-ownership, noun
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
ownership (ˈəʊnəʃɪp)
 
n
1.  the state or fact of being an owner
2.  legal right of possession; proprietorship

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Etymonline
Word Origin & History

ownership
1580s, from owner (see own (v.)) + -ship.
Online Etymology Dictionary, © 2010 Douglas Harper
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Encyclopedia Britannica
Encyclopedia

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.

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Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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Example sentences
She had self-possession, and that was ownership enough.
Individuals, cities and agri business claim ownership of the aquifer underlying
  their property.
In essence, we're seeing a new relationship to property-where access trumps
  ownership.
Data ownership refers to both the possession of and responsibility for
  information.
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