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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Some articles on ownership:
... The term fractional ownership originally became popular for business jets ... The fractional-ownership concept has since been extended to smaller aircraft and has now become common for single-engine piston aircraft like the Cirrus SR22, which are beyond the financial means of many private pilots ... light aircraft in a privately bought and managed fractional ownership, this is often known as group flying ...
... At some unknown time, this parish passed into the ownership of the Archbishopric of Mainz ... transferred the Church of Ohmbach into the ownership of Disibodenberg Abbey in 976 ... say in Emperor Otto II’s 977 document acknowledging such ownership ...
... The Brahmanist theology called Vedanta believes that ownership arises due to the sense of being separated from the rest of the universe ... the illusion that one is separate from the rest of the universe, ownership is one of the ways one may attempt to reconnect with objects ... Vedanta believes that ownership is an illusion which persists as long as the belief in separation from the Universe persists ...
... Fractional ownership is also beginning to appear for luxury items such as small yachts and megayachts, jet aircraft (especially business jets) and high-end motorhomes ... Fractional yacht / boat ownership provides marine-enthusiasts with ownership of shares in yachts of all sizes and uses ... and others sell "membership," where the members' dues provide access to the boats, but no ownership ...
More definitions of "ownership":
- (noun): The act of having and controlling property.
- (noun): The relation of an owner to the thing possessed; possession with the right to transfer possession to others.
Famous quotes containing the word ownership:
“They had their fortunes to make, everything to gain and nothing to lose. They were schooled in and anxious for debates; forcible in argument; reckless and brilliant. For them it was but a short and natural step from swaying juries in courtroom battles over the ownership of land to swaying constituents in contests for office. For the lawyer, oratory was the escalator that could lift a political candidate to higher ground.”
—Federal Writers Project Of The Wor, U.S. public relief program (1935-1943)