1. the state or fact of possessing something legally
2. the right to possess, use, and dispose of something
3. responsibility for or control over something
Usage: often used figuratively

Examples

• The ownership of the house was transferred to her last month.
• He disputed the ownership of the land in court.
• Car ownership has declined in urban areas.
• The company changed ownership after the merger.
• She took ownership of the mistake and apologized.
• The team needs to take ownership of their performance.
• Property ownership comes with certain responsibilities.