# ownership

Pronunciation: US say "OHN-ur-ship" /ˈoʊnɚʃɪp/; UK say "OHN-uh-ship" /ˈəʊnəʃɪp/

## Noun

1. The legal entitlement to possess something and exercise complete control over it.
   - Simple: The fact that something belongs to you by law.
   - _Ownership of the property transferred to the buyer at closing._
   - _The museum disputes the collector's ownership of the painting._
2. Responsibility for or control over something, such as a project, decision, or problem.
   - Simple: The duty to take care of something and make decisions about it.
   - _The new manager took ownership of the delayed product launch._
   - _Strong teams encourage every member to feel ownership of the results._

## Origin

Formed from "owner" combined with the suffix "-ship".

Source: DictionaryAI, https://dictionaryai.com/define/ownership (written from Wiktionary data, CC BY-SA 4.0: https://creativecommons.org/licenses/by-sa/4.0/).