Ownership: Difference between revisions
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Where does one start? | Where does one start? Well, not with Google’s definition, which fluffs it entirely.<ref>{{google2|define|ownership}}.</ref> “[[Ownership]]”, it says, is “the act, state, or right of [[possession|possessing]] something”. Well, only in the limited sense of the word possession — the sense in which it means ownership. So that’s a tautological definition. For it is quite possible to possess something one does not own: if I borrow your tennis racquet, I possess it, but you own it. I can possess your tennis racquet without it being my [[possession]], though — that is the limited sense, meaning [[ownership]]. | ||
In the legal sense, “ownership” is holding the [[legal title]] and the equitable [[Beneficial ownership|benefit]] of some [[property]] <ref>That is, an [[asset]] that is capable of being ''owned''.</ref> Not everything can be property: data that falls short of intellectual property, for example, and, arguable cash (being an abstract token of value and not a corporeal thing per se). | |||
===[[Possession]] and ownership=== | ===[[Possession]] and ownership=== | ||
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===[[Beneficial ownership]]=== | ===[[Beneficial ownership]]=== | ||
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Revision as of 15:00, 12 June 2019
Where does one start? Well, not with Google’s definition, which fluffs it entirely.[1] “Ownership”, it says, is “the act, state, or right of possessing something”. Well, only in the limited sense of the word possession — the sense in which it means ownership. So that’s a tautological definition. For it is quite possible to possess something one does not own: if I borrow your tennis racquet, I possess it, but you own it. I can possess your tennis racquet without it being my possession, though — that is the limited sense, meaning ownership.
In the legal sense, “ownership” is holding the legal title and the equitable benefit of some property [2] Not everything can be property: data that falls short of intellectual property, for example, and, arguable cash (being an abstract token of value and not a corporeal thing per se).
Possession and ownership
Data, intellectual property and ownership
Cash and ownership
Beneficial ownership
References
- ↑ let me Google that for you.
- ↑ That is, an asset that is capable of being owned.