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ownership

 - 4 dictionary results
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own⋅er⋅ship

  [oh-ner-ship]
Use ownership in a Sentence
–noun
1. the state or fact of being an owner.
2. legal right of possession; proprietorship.
Origin:
1575–85; owner + -ship
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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Ask a Lawyer: Ownership
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Owner name, purchase price, zoning sale history, school district. Free
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own·er·ship   (ō'nər-shĭp')   
n.  

  1. The state or fact of being an owner.

  2. Legal right to the possession of a thing.

The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Legal Dictionary

Main Entry: own·er·ship
Function: noun
: the state, relation, or fact of being an owner; also : the rights or interests of an owner ownership by one third>
absolute ownership
: ownership esp. by a single person that is free of any encumbrances or limitations other than statutory law —compare fee simple absolute at FEE SIMPLE
os·ten·si·ble ownership
/ä-'sten-s&-b&l/
: ownership that is apparent rather than actual and that sometimes is recognized in cases of purchase of the property by an innocent third party 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 in·di·vi·sion
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
NOTE: Ownership in indivision is ended by a partition of the property.
qualified ownership
: ownership that is limited by time, the interest of another party, or restrictions on the use of the property qualified ownership of the fish and game on his property due to state restrictions>
Merriam-Webster's Dictionary of Law, © 1996 Merriam-Webster, Inc.
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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.

Learn more about ownership with a free trial on Britannica.com.

Encyclopedia Britannica, 2008. Encyclopedia Britannica Online.
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