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Ownership
Ownership is the state or fact of exclusive rights and control over property, which may be an object, land/real estate or intellectual property. Ownership involves multiple rights, collectively referred to as title, which may be separated and held by different parties.
The process and mechanics of ownership are fairly complex: one can gain, transfer, and lose ownership of property in a number of ways. To acquire property one can purchase it with money, trade it for other property, win it in a bet, receive it as a gift, inherit it, find it, receive it as damages, earn it by doing work or performing services, make it, or homestead it. One can transfer or lose ownership of property by selling it for money, exchanging it for other property, giving it as a gift, misplacing it, or having it stripped from one’s ownership through legal means such as eviction, foreclosure, seizure, or taking. Ownership is self-propagating in that the owner of any property will also own the economic benefits of that property.
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Ownership (noun)
The state of having complete legal control of something; possession; proprietorship.
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Ownership (noun)
Responsibility for something.
“The successful candidate will take ownership of all internal design projects.”
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Possession (noun)
Control or occupancy of something for which one does not necessarily have private property rights.
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Possession (noun)
Something that is owned.
“The car quickly became his most prized possession.”
“I would gladly give all of my worldly possessions just to be able to do that.”
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Possession (noun)
Ownership; taking, holding, keeping something as one’s own.
“The car is in my possession.”
“I’m in possession of the car.”
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Possession (noun)
A territory under the rule of another country.
“Réunion is the largest of France’s overseas possessions.”
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Possession (noun)
The condition or affliction of being possessed by a demon or other supernatural entity.
“Back then, people with psychiatric disorders were sometimes thought to be victims of demonic possession.”
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Possession (noun)
The condition of being under the control of strong emotion or madness.
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Possession (noun)
Control of the ball; the opportunity to be on the offensive.
“The scoreboard shows a little football symbol next to the name of the team that has possession.”
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Possession (noun)
A disposal of the ball during a game, i.e. a kick or a handball.
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Possession (noun)
A syntactic relationship between two nouns or nominals that may be used to indicate ownership.
“Some languages distinguish between a construction like ‘my car’, which shows alienable possession — the car could become someone else’s — and one like ‘my foot’, which has inalienable possession — my foot will always be mine.”
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Possession (verb)
To invest with property.
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Ownership (noun)
the act, state, or right of possessing something
“the ownership of land”
“the rise in car ownership”