Ownership Meaning

UK /ˈəʊ.nə.ʃɪp/
US /ˈoʊ.nɚ.ʃɪp/
Word Definition
ownership meaning

Ownership Definition & Usage

noun

The state or fact of having legal possession of something.

Examples

  • "She took pride in the ownership of her first car."
  • "The ownership of the company was transferred to a new group of investors."
  • "His ownership of the land was contested in court."
  • "They enjoyed the privileges of homeownership, like the freedom to renovate."
  • "The ownership of the painting has changed hands several times over the years."
noun

The feeling or quality of having responsibility for or control over something.

Examples

  • "The ownership of the project was shared equally among all team members."
  • "He took ownership of his mistakes and worked hard to correct them."
  • "The company's success can be attributed to the ownership employees took in their work."
  • "She had a sense of ownership over the event and made sure everything ran smoothly."
  • "Taking ownership of your actions is key to personal growth."

Cultural Context

Ownership is a concept deeply embedded in various aspects of life, from personal belongings to intellectual property. In capitalist economies, ownership is tied to individual success and power. Historically, it has been a measure of one's social status, with land ownership being a symbol of wealth and control. In modern times, ownership extends beyond physical property to include digital assets and intellectual rights.

A New Beginning

Story

A New Beginning

It was a crisp morning in the small town of Brooksville, and Sarah stood in front of her new home, the keys to the front door hanging from her hand. For years, she had dreamed of this moment, imagining the joy of homeownership. The house was modest, but it was hers—something she had earned through hard work and determination. 'This is mine,' she thought, the sense of ownership settling in her chest with a wave of pride. But ownership wasn't just about the house. It was about taking responsibility for the future. As Sarah walked through each room, she began to realize the weight of the decisions that lay ahead. She would have to manage the upkeep, deal with unexpected repairs, and ensure the house remained a safe haven for her family. Ownership meant more than just possession; it meant taking charge of every aspect of the property’s life. Later that day, Sarah sat with her team at work, discussing a new project. She smiled as her colleague, Daniel, spoke about taking ownership of the task. 'We all need to take ownership of this project,' Daniel said, 'because when we all own a part of it, it becomes something bigger than just one person's responsibility.' As the day wore on, Sarah reflected on the many forms ownership took. Whether it was her new home, the project at work, or the personal growth she was striving for, ownership was about more than just having something in her name. It was about stewardship, responsibility, and a sense of pride in what she contributed. That night, she stood at the window of her new home, gazing at the stars. The world was vast, but in this small corner, she held a piece of it in her hands.

A New Beginning