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common ownership UK US 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
Financial and business terms. 2012.