Definition, Meaning & Synonyms

outright-ownership

noun

ˈaʊtˌraɪt ˈoʊnərˌʃɪp

Definition

The complete and unrestricted possession of an asset or property.

Examples

She enjoyed outright ownership of the house after the mortgage was paid off.
Outright ownership of a business allows for absolute decision-making power.
Investors often seek outright ownership of properties to avoid complex partnerships.

Meaning

Outright ownership refers to the situation where an individual or entity has total control and rights over a particular asset without any encumbrances, liens, or shared interests.