Meaning & Definition of word "Ownership"
to
Ownership
/ˈoʊnərʃɪp/
noun:
- 1. The state or fact of being an owner.
- Example: The ownership of the property is in dispute.
- 2. The legal right to possess something.
- Example: He has full ownership of the land after the purchase.
- 3. Responsibility for and control over something.
- Example: The team's ownership of the project led to successful completion.
Etymology
Derived from the word 'owner,' influenced by the suffix '-ship' indicating condition or quality.
Common Phrases and Expressions
ownership society:
A societal model that promotes private property and individual ownership.
shared ownership:
A scheme where multiple parties share ownership of an asset.
take ownership:
To accept responsibility for something.
Related Words
owner:
A person who owns something.
own:
To possess something.
ownage:
Slang term for domination or superiority in a contest.
Slang Meanings of ownership
Meaning: Ownage
Example Sentence: He totally destroyed his opponent in the game; it was pure ownage.
Meaning: Take the reins
Example Sentence: You're the new manager, it's time to take the reins and show some ownership.