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Noun: ownership  'ow-nu(r),ship
  1. The relation of an owner to the thing possessed; possession with the right to transfer possession to others
    - property
     
  2. The act of having and controlling property
    - possession
     
  3. The state or fact of being an owner

Derived forms: ownerships

Type of: control, relation, state

Encyclopedia: Ownership, Unity and Responsibility Party