Ownership may be corporeal (title to a tangible object such as a house) or incorporeal (title to an intangible object, such as a copyright, or a right to recover debt). Possession (as in tenancy) does not necessarily mean ownership because it does not automatically transfer title.
Use ownership in a sentence
The ownership of the company changed hands once the gentleman acquired 51% of the company and new policies were implemented.
Ownership of a vehicle and a home is an important determining factor when gauging a customer's economic standing and willingness to buy other things.
Sometimes you may want to do something nice for the ownership of your company to try and get on their good side.