ownership
US /ˈoʊnɚˌʃɪp/
Definition
the relation of an owner to the thing possessed; possession with the right to transfer possession to others
Tested in TOEIC business and workplace contexts.
Examples
The ownership of the building changed hands after the company was sold.
Word Family
Synonyms
- possessionthe act of having and controlling property
- proprietorshipan unincorporated business owned by a single person who is responsible for its liabilities and entitled to its profits
- titlea heading that names a statute or legislative bill; may give a brief summary of the matters it deals with
Collocations
- Easy proof of vehicle ownershipto proof of vehicle ownership, meaning to make or take a proof of, such as a photographic negative, an etching, or typeset
- Medium take ownership of tasksto perform, accept, or undertake an action regarding ownership of tasks
- Hard transfer corporate ownership staketo transfer corporate ownership stake, meaning to transfer somebody to a different position or location of work
- Very Hard dispute beneficial ownershipto dispute beneficial ownership, meaning to take exception to
Learner's English edition · Curated definitions for TOEIC learners.