Definition, Meaning & Synonyms
sole-ownership
noun
/soʊl ˈoʊnərʃɪp/
Definition
The exclusive possession and control of an asset or property by a single individual or entity.
Examples
- The sole ownership of the business allowed her to make all the decisions without needing approval from partners.
- He enjoyed the sole ownership of the house after the estate was settled.
- The company’s sole ownership retreat provided a unique opportunity for personal growth and strategic planning.
Meaning
Sole ownership means that one person or organization has complete rights over the property or asset, without sharing ownership with anyone else.
Synonyms
- exclusive ownership
- single ownership
- individual ownership
