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ownership

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Ownership is the legal right to possess something.

(noun)

An example of ownership is possessing a specific house and property.

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See ownership in Webster's New World College Dictionary

noun

the state or fact of being an owner
legal right of possession; lawful title (to something); proprietorship

See ownership in American Heritage Dictionary 4

noun

The state or fact of being an owner.
Legal right to the possession of a thing.

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