ownership ownership /ˈoʊnɝˌʃɪp/

noun

1. () The relation of an owner to the thing possessed; possession with the right to transfer possession to others  ( ownership )
   the relation of an owner to the thing possessed; possession with the right to transfer possession to others
     Susan took great pride in her ownership of the family business.
   Susan took great pride in her ownership of the family business.
   
2. () The act of having and controlling property  ( ownership , possession )
   the act of having and controlling property
     The antique vase was her most prized possession.
   The antique vase was her most prized possession.
   
3. The state or fact of being an owner  ( ownership )
   the state or fact of being an owner