ownership

Definition

Denotes the person who controls all of the benefits and privileges associated with a life insurance policy. The title of owner may belong to someone other than the insured and may be transferred by the owner's written request.

Use ownership in a sentence

If you move into an abandoned house and stay for over two years you can legally claim ownership of the home.

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You need to try and make sure that you stay on the good side of the ownership so that they do not let you go.

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When they took over ownership of the business, they immediately implemented a number of changes that improved employee moral and productivity.

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abandon interest