ownership

noun

own·​er·​ship ˈō-nər-ˌship How to pronounce ownership (audio)
plural ownerships
1
: the state, relation, or fact of being an owner
Warhol died in 1987, and the Andy Warhol Foundation for the Visual Arts assumed ownership of his work.Adam Liptak
… transfer of business and farm ownershipsThe Columbian (Clark County, Washington) (online)
2
: a group or organization of owners
The sale, if approved by at least 75% of major league ownership, would value the team at $1.725 billion.Cale Clinton
3
: the quality or state of being accountable : responsibility
A successful candidate must settle all fines and costs owed to the society … and take full ownership for the conduct that led to their disciplinary hearing.Maggie McIntosh
The important thing in those situations is to promptly accept ownership of a misstep, do what's necessary to clean up the mess, and make the changes necessary to ensure it doesn't happen again.Danville (Virginia) Register & Bee

Examples of ownership in a Sentence

The company is under private ownership.
Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
This includes individuals sued without proof of loan ownership, borrowers pursued for debts beyond the statute of limitations and those targeted with misleading affidavits. Thomas G. Moukawsher, Newsweek, 30 Jan. 2025 MacPhail hesitated before giving an ambiguous response, suggesting the economic trends in baseball probably signaled the end of family ownership in favor of big corporations such as Murdoch’s $11 billion News Corporation, which ran Fox. Paul Sullivan, Chicago Tribune, 29 Jan. 2025 Namely, the sign-offs of all five members who share ownership in the name and each of whom is represented by a different management firm. Shirley Halperin, The Hollywood Reporter, 28 Jan. 2025 Maps figured in many of her works as a means of exploring land ownership. Alex Greenberger, ARTnews.com, 28 Jan. 2025 See all Example Sentences for ownership 

Word History

Etymology

owner + -ship

First Known Use

1583, in the meaning defined at sense 1

Time Traveler
The first known use of ownership was in 1583

Dictionary Entries Near ownership

Cite this Entry

“Ownership.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/ownership. Accessed 2 Feb. 2025.

Legal Definition

ownership

noun
own·​er·​ship
: 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 \ ä-​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
Last Updated: - Updated example sentences
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