Ownership Definition

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Definition Of Ownership:

Ultimate and exclusive right (conferred by a lawful claim or title, and subject to certain restrictions) to enjoy, occupy, possess, rent, sell (fully or partially), use, give away, or even destroy an item of property.
Ownership may be 'corporeal' (title to a tangible object such as a house) or 'incorporeal' (title to an intangible something, 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.

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