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What does ownership mean?

Looking for the meaning or definition of the word ownership? Here's what it means.

Noun
  1. The state of having complete legal control of something; possession; proprietorship.
  2. (business) Responsibility for something.
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Examples
That will make car ownership far more affordable to a far greater number of people.
On the granting of a firearms certificate ownership is lost and the user is simply the licensed keeper.
The council is appealing to key workers and existing housing association tenants to put their names down on the shared ownership register.
In this case, large-scale privatization has created many opportunities for foreign ownership and joint ventures.
The same profit from ownership is realized either way, but not the same tax.
Investments in real estates both in the commercial and home ownership portfolio totalled K148.8 billion at the close of the year.

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