Definition, Meaning & Synonyms
assume-ownership
verb
/əˈsuːm ˈoʊnərʃɪp/
Definition
To take on the rights and responsibilities of possession or management over something, such as an asset or project.
Examples
- When you assume ownership of a project, you are committing to its success.
- It’s essential to understand your role when you choose to assume ownership of a team.
- After the merger, the new company will assume ownership of all existing contracts.
Meaning
The act of accepting charge or control over an item or responsibility, often involving an obligation to manage or protect it.
Synonyms
- take charge
- accept responsibility
- manage
