Ownership

/ˈoʊnərʃɪp/

Meaning & Definition

noun

The state or fact of being an owner.

The ownership of the property is in dispute.

The legal right to possess something.

He has full ownership of the land after the purchase.

Responsibility for and control over something.

The team's ownership of the project led to successful completion.

Derived from the word 'owner,' influenced by the suffix '-ship' indicating condition or quality.

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.

Ownage

He totally destroyed his opponent in the game; it was pure ownage.

Take the reins

You're the new manager, it's time to take the reins and show some ownership.