ownership

ownership
/oh"neuhr ship'/, n.
1. the state or fact of being an owner.
2. legal right of possession; proprietorship.
[1575-85; OWNER + -SHIP]

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▪ law
      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.

      Legal relations with respect to objects are described in the following articles: property law; copyright; patent; trademark; trust. Related information may be found in the articles bankruptcy; contract; mortgage.

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Universalium. 2010.

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Look at other dictionaries:

  • ownership — own‧er‧ship [ˈəʊnəʆɪp ǁ ˈoʊnər ] noun [uncountable] COMMERCE the state of owning something: • Car ownership by teenagers tripled during the decade. • Home ownership is more common in Britain than in Europe generally. • Limited partnerships give… …   Financial and business terms

  • ownership — own·er·ship n: the state, relation, or fact of being an owner; also: the rights or interests of an owner reduced their ownership by one third absolute ownership: ownership esp. by a single person that is free of any encumbrances or limitations… …   Law dictionary

  • OWNERSHIP — (Heb. בַּעֲלות, ba alut). As a proprietary right, ownership is the most important of all rights in property, all other rights being inferior to it. The distinction between ownership and other proprietary rights is apparent not only in matters of… …   Encyclopedia of Judaism

  • ownership — (n.) 1580s, from owner (see OWN (Cf. own) (v.)) + SHIP (Cf. ship). Ownership society (2003) was popularized by U.S. president George W. Bush …   Etymology dictionary

  • Ownership — Own er*ship, n. The state of being an owner; the right to own; exclusive right of possession; legal or just claim or title; proprietorship. [1913 Webster] …   The Collaborative International Dictionary of English

  • ownership — [n] possession of property buying, claim, control, cut, deed, dominion, end, hand, having, holding, occupancy, partnership, piece, possessorship, property, proprietary rights, proprietorship, purchase, purchasing, residence, slice, takeover,… …   New thesaurus

  • ownership — [ōn′ər ship΄] n. 1. the state or fact of being an owner 2. legal right of possession; lawful title (to something); proprietorship …   English World dictionary

  • Ownership — Own redirects here. For other uses, see OWN (disambiguation). For ownership of articles in Wikipedia, see Wikipedia:Ownership of articles …   Wikipedia

  • ownership — Collection of rights to use and enjoy property, including right to transmit it to others. Trustees of Phillips Exeter Academy v. Exeter, 92 N.H. 473, 33 A.2d 665, 673. The complete dominion, title, or proprietary right in a thing or claim. The… …   Black's law dictionary

  • ownership — noun ADJECTIVE ▪ full ▪ sole ▪ collective, common, fractional (AmE, law), joint, shared ▪ …   Collocations dictionary

  • ownership — own|er|ship W3S3 [ˈəunəʃıp US ˈounər ] n [U] the fact of owning something ownership of ▪ a dispute over the ownership of the land public/private/state ownership ▪ The company was returned to private ownership in mid 1987. ▪ The price of home… …   Dictionary of contemporary English

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