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co-owner

 

Definitions from the Web

Term: Co-owner

Description:

A co-owner refers to an individual who shares ownership or rights with one or more people in a particular property, business, or organization. Co-owning implies joint responsibility, decision-making, and entitlement to a portion of the assets or profits.

Sample sentences:

  • John and Sarah are co-owners of the house they purchased last year.
  • The company is jointly owned by three co-owners, each with an equal share.
  • Being a co-owner of the gallery, Lisa has the authority to make decisions regarding the displayed artworks.

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