ownership

noun B2

Meaning

Ownership refers to the state or fact of possessing something, often implying legal rights and responsibilities associated with that possession.
💡 A common mistake is confusing ownership with possession; ownership implies legal rights, while possession can be temporary.

Example Sentences

I finally took ownership of my mistakes and learned from them .
The company clarified the terms of ownership in the contract .
The ownership of the house was transferred to her last week .
Who has the ownership of the new company building ?

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