1 ownership | Definition of ownership

ownership

noun
own·​er·​ship | \ ˈƍ-nər-ˌship How to pronounce ownership (audio) \

Definition of ownership

1 : the state, relation, or fact of being an owner
2 : a group or organization of owners

Examples of ownership in a Sentence

The company is under private ownership.

Recent Examples on the Web

Cities previously could use eminent domain to take ownership of assets at fair market value. Washington Post, "PG&E plan offers billions to victims, others after wildfires," 9 Sep. 2019 When the womanizing Fitzpatrick tries using his position to take predatory ownership of Ned's little sister Kate (Josephine Blazier), things turn messy for both Ned and Ellen. David Rooney, The Hollywood Reporter, "'True History of the Kelly Gang': Film Review | TIFF 2019," 6 Sep. 2019 Von Kurnatowski had a falling out with the couple a year later and took sole ownership of the club in 1997. Dave Brooks, Billboard, "Embattled Former Tipitina's Owner Roland Von Kurnatowski Dies in Hunting Accident," 6 Sep. 2019 In February 2018, the Texas Department of Transportation officially took ownership of the building from its most recent occupant, attorney Michael Valentine, through eminent domain. Yvette Orozco, Houston Chronicle, "Seabrook residents mourn impending doom of unique ‘Triangle Building’," 5 Sep. 2019 The coverage was all about how to take ownership, push forward the narrative, and tell stories on their own terms. Sangeeta Tanwar, Quartz India, "A year on, #MeToo has lost momentum in India but we must keep the conversation going," 4 Sep. 2019 Edmonton, Canada-based Triple Five Group took ownership in 2011, ultimately securing $1.7 billion in construction loans from JPMorgan Chase & Co., $1.1 billion in tax-exempt municipal bonds, $500 million from the developer and tenant payments. Fortune, "Reaching the American Dream: a Traffic Nightmare?," 3 Sep. 2019 Finding her voice also meant Jacobson was able to take ownership of her songs in a way that gives them more power, both in clarity and intonation, as well as in their messaging. Britt Julious, chicagotribune.com, "Acting, honesty and a few detours lead to music, and a band named Fran," 29 Aug. 2019 Starts reflect when construction begins on a prepared lot, and closings are when buyers take ownership. Aldo Svaldi, The Denver Post, "New home construction keeps falling in metro Denver," 21 Aug. 2019

These example sentences are selected automatically from various online news sources to reflect current usage of the word 'ownership.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.

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First Known Use of ownership

1583, in the meaning defined at sense 1

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More Definitions for ownership

ownership

noun

English Language Learners Definition of ownership

: the state or fact of owning something

ownership

noun
own·​er·​ship | \ ˈƍ-nər-ˌship How to pronounce ownership (audio) \

Kids Definition of ownership

: the state or fact of owning something home ownership

ownership

noun
own·​er·​ship

Legal Definition of ownership

: the state, relation, or fact of being an owner also : the rights or interests of an owner
absolute ownership
: ownership especially by a single person that is free of any encumbrances or limitations other than statutory law — compare fee simple absolute at fee simple
ostensible ownership \ Ă€-​ˈsten-​sə-​bəl-​ \
: ownership that is apparent rather than actual and that sometimes is recognized in cases of purchase of the property by an innocent third party a dispute arising from the dealer's 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 indivision
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
qualified ownership
: ownership that is limited by time, the interest of another party, or restrictions on the use of the property had only qualified ownership of the fish and game on his property due to state restrictions

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