English Lexicon

Home-Ownership

/hoʊm ˈoʊnərʃɪp/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    The state or condition of owning a home.

    "Home-ownership rates have increased significantly over the past decade."
  2. 2

    The legal right to possess a residential property.

    "Many people aspire to achieve home-ownership as a key milestone in their lives."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'home-ownership' combines 'home', derived from Old English 'hām', meaning 'dwelling place', and 'ownership', which comes from the Old English 'āgen', meaning 'to possess'. The concept evolved through the centuries to signify the legal right to possess a residence.

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