ownership

Collection of rights to use and enjoy property, including right to transmit it to others. Trustees of Phillips Exeter Academy v. Exeter, 92 N.H. 473, 33 A.2d 665, 673.
The complete dominion, title, or proprietary right in a thing or claim. The entirety of the powers of use and disposal allowed by law. The right of one or more persons to possess and use a thing to the exclusion of others. The right by which a thing belongs to some one in particular, to the exclusion of all other persons. The exclusive right of possession, enjoyment, and disposal; involving as an essential attribute the right to control, handle, and dispose.
Ownership of property is either absolute or qualified. The ownership of property is absolute when a single person has the absolute dominion over it, and may use it or dispose of it according to his pleasure, subject only to general laws. The ownership is qualified when it is shared with one or more persons, when the time of enjoyment is deferred or limited, or when the use is restricted. Calif.Civil Code, No.No. 678-680. There may be ownership of all inanimate things which are capable of appropriation or of manual delivery; of all domestic animals; of all obligations; of such products of labor or skill as the composition of an author, the goodwill of a business, trademarks and signs, and of rights created or granted by statute. Calif.Civil Code, No. 655.
In connection with burglary, "ownership" means any possession which is rightful as against the burglar.
- incident of ownership

Black's law dictionary. . 1990.

Look at other dictionaries:

  • ownership — own‧er‧ship [ˈəʊnəʆɪp ǁ ˈoʊnər ] noun [uncountable] COMMERCE the state of owning something: • Car ownership by teenagers tripled during the decade. • Home ownership is more common in Britain than in Europe generally. • Limited partnerships give… …   Financial and business terms

  • ownership — own·er·ship n: the state, relation, or fact of being an owner; also: the rights or interests of an owner reduced their ownership by one third absolute ownership: ownership esp. by a single person that is free of any encumbrances or limitations… …   Law dictionary

  • OWNERSHIP — (Heb. בַּעֲלות, ba alut). As a proprietary right, ownership is the most important of all rights in property, all other rights being inferior to it. The distinction between ownership and other proprietary rights is apparent not only in matters of… …   Encyclopedia of Judaism

  • ownership — (n.) 1580s, from owner (see OWN (Cf. own) (v.)) + SHIP (Cf. ship). Ownership society (2003) was popularized by U.S. president George W. Bush …   Etymology dictionary

  • Ownership — Own er*ship, n. The state of being an owner; the right to own; exclusive right of possession; legal or just claim or title; proprietorship. [1913 Webster] …   The Collaborative International Dictionary of English

  • ownership — [n] possession of property buying, claim, control, cut, deed, dominion, end, hand, having, holding, occupancy, partnership, piece, possessorship, property, proprietary rights, proprietorship, purchase, purchasing, residence, slice, takeover,… …   New thesaurus

  • ownership — [ōn′ər ship΄] n. 1. the state or fact of being an owner 2. legal right of possession; lawful title (to something); proprietorship …   English World dictionary

  • Ownership — Own redirects here. For other uses, see OWN (disambiguation). For ownership of articles in Wikipedia, see Wikipedia:Ownership of articles …   Wikipedia

  • ownership — noun ADJECTIVE ▪ full ▪ sole ▪ collective, common, fractional (AmE, law), joint, shared ▪ …   Collocations dictionary

  • ownership — own|er|ship W3S3 [ˈəunəʃıp US ˈounər ] n [U] the fact of owning something ownership of ▪ a dispute over the ownership of the land public/private/state ownership ▪ The company was returned to private ownership in mid 1987. ▪ The price of home… …   Dictionary of contemporary English

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