ownership
n.-
1 legal possession (n.) B2 Upper Intermediate Lawthe state of legally owning something, like a house, a car, or a company.
the state or fact of legal possession and proprietorship. Uncountable in its abstract sense, though it can be countable when referring to specific models of holding property.
ExampleThe family has held ownership of the farm for over a hundred years.
ExampleThe dispute over the land's ownership lasted for decades, as neither party could produce the original deed from the nineteenth century.
UsageOften used with the preposition 'of'.
- possession
- proprietorship
- title
-
2 responsibility (n.) B2 Upper Intermediate Academic Businesstaking responsibility for a task or a problem and making sure it is finished.
the act of taking responsibility for an idea, project, or problem, often in a professional or psychological context.
ExampleThe manager wants every team member to take ownership of their own projects.
ExampleBy giving employees more autonomy, the company encouraged them to take full ownership of the product development cycle.
UsageCommonly used in the phrase 'to take ownership of'.
From owner + -ship.