what is the meaning of ownership?

Ownership means:

- The state or fact of being an owner

- The act of having and controlling property

- Legal right to the possession of thing

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owning

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the relation of an owner to the thing possessed; possession with the right to transfer possession to others.

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Ownership of property may be private, collective, or common and the property may be objects,land/real estate or intellectual property. Determining ownership in law involves determining who has certain rights and duties over the property. These rights and duties, sometimes called a 'bundle of rights', can be separated and held by different parties.

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