ownership

/ˈoʊnərʃɪp/
noun
  1. The state or fact of owning something; the right to possess, use, and control something.
    • The company changed ownership when it was bought by a larger firm.
    • Ownership of the car passed to her son after she passed away.
    • After years of renting, they finally took ownership of their first home.
  2. A feeling of responsibility or personal investment in something, as if it belongs to you.
    • The team members took ownership of the project and worked hard to make it succeed.
    • Teachers encourage students to take ownership of their own learning.
    • She felt a strong sense of ownership over the garden she had planted.