say it: OH-nur-ship
ownership is a noun meaning "the relation of an owner to the thing possessed; possession with the right to transfer possession to others". It carries 3 recorded senses.
the relation of an owner to the thing possessed; possession with the right to transfer possession to others
the act of having and controlling property
the state or fact of being an owner
Forms marked · are formed by the regular rule rather than recorded in the source data. English keeps a few hundred irregulars and the rest follow the pattern, so the rule is right far more often than not — but it is a rule, and the mark says so.
Definitions, synonyms and semantic relations for ownership come from Princeton University’s WordNet. The pronunciation comes from the CMU Pronouncing Dictionary. Commonness is measured against a corpus of everyday English. Full sources and licences.