The Opposite(Antonym) of “severalty”
The antonyms of severalty are joint ownership and co-ownership. The antonyms joint ownership and co-ownership convey a shared or collective ownership of property or assets.
Explore all Antonyms of “severalty”
- joint ownership
- co-ownership
Definitions and Examples of joint ownership, co-ownership
Learn when and how to use these words with these examples!
Ownership of property or assets by two or more individuals, with equal rights and responsibilities.
Example
The siblings inherited the house and decided to have joint ownership of the property.
co-ownership
Ownership of property or assets by two or more individuals, with shared rights and responsibilities.
Example
The business partners agreed to have co-ownership of the company and share profits equally.
Key Differences: joint ownership vs co-ownership
- 1Joint ownership implies equal rights and responsibilities among the owners.
- 2Co-ownership implies shared rights and responsibilities among the owners, but not necessarily equal.
Effective Usage of joint ownership, co-ownership
- 1Legal Documents: Use joint ownership or co-ownership in legal documents to specify the type of ownership of property or assets.
- 2Real Estate: Use joint ownership or co-ownership when purchasing a property with another person.
- 3Business Partnerships: Use co-ownership when starting a business with one or more partners.
Remember this!
The antonyms joint ownership and co-ownership convey shared or collective ownership of property or assets. Joint ownership implies equal rights and responsibilities, while co-ownership implies shared rights and responsibilities, but not necessarily equal. Use these words in legal documents, real estate transactions, and business partnerships to specify the type of ownership.
