collective ownership

noun

1. ownership by a group for the benefit of members of that group

Example Sentences

This model of collective ownership, also called resident-owned cooperatives or ROCs, is on the rise.

From Salon

Obviously, there were some very specific dynamics that were happening here, but they are very curious now about DAOs, about collective ownership, and all the different things that we explored with this organization.

From The Verge

The 74 members of PleasrDAO — the abbreviation in its name identifies it as a “decentralized autonomous organization” — share collective ownership of the NFT deed, and thus own the album.

From New York Times

“A safe and secure work environment is a top priority for the league and its collective ownership,” Baird said in the statement.

From Seattle Times

The missionaries “insisted that the Indians learn English, cut their hair, wear white people’s clothes, abandon their traditional nomadic lives, forsake collective ownership of land, accept private property, settle down as farmers, embrace ‘hard work,’ learn to plow, and raise row crops — all while obeying the Ten Commandments…”

From Los Angeles Times

Related Words

• communism