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.

Merriam-Webster is not much better. “Ownership” is “the state, relation, or fact of being an owner.” We thank you for writing in.Cite error: Closing </ref> missing for <ref> tag 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