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Simple English definitions for legal terms
full ownership
Read a random definition: continuous-treatment doctrine
A quick definition of full ownership:
Full ownership means that someone has complete control and legal rights over something. It is like having full control over a toy or a book that belongs to you. Full ownership can also refer to having paid for something in full, like owning a car without any outstanding payments left to make.
A more thorough explanation:
Full ownership refers to complete and total control over a property or asset. It means that the owner has the right to use, sell, or transfer the property as they see fit, without any restrictions or limitations.
For example, if someone owns a house outright, with no mortgage or liens, they have full ownership of the property. They can live in it, rent it out, or sell it without any legal obstacles.
Another example of full ownership is owning a car without any outstanding loans or leases. The owner has the right to drive it, sell it, or give it away without any restrictions.
Full ownership is the highest level of ownership one can have over a property or asset. It provides the owner with complete control and autonomy over their possessions.