Definition of "ownership"

ownership

/ˈoʊnɚʃɪp/

noun
countable and uncountable, plural ownerships
1. The state of having complete legal control of something; possession; proprietorship.
  Quotations
  In the summer, DCC [Devon County Council] transferred ownership of the northern part of the station to NR for a nominal £1, enabling it (and the platform) to become part of the rail network.
  2021 November 17, Andrew Mourant, “Okehampton: a new dawn for Dartmoor”, in RAIL, number 944, page 43
2. (business) Responsibility for something.