Definition of collective ownership in English:

collective ownership

Line breaks: col¦lect|ive own¦er|ship

Entry from British & World English dictionary

noun

[mass noun]
Ownership of something, typically land or industrial assets, by all members of a group for the mutual benefit of all.

Definition of collective ownership in:

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Word of the day retroflex
Pronunciation: ˈrɛtrə(ʊ)flɛks
adjective
turned backwards