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English definition of “common ownership”

common ownership

noun [U]
 
 
LAW a situation in which several related companies, etc. are owned by one person or organization: The BBC offers a variety of opinions despite common ownership of all its channels. The agreement would reunite Portland's NBA franchise with its arena under common ownership.
( also ownership in common) PROPERTY a situation in which a home or other property is owned by more than one person or organization
(Definition of common ownership from the Cambridge Business English Dictionary © Cambridge University Press)
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