Introduction: The concept of ownership is one of the fundamental juristic concept common to all systems of law. This concept has been discussed by most of the writers before that of possession. However, its is pointed out that it is not the right method. Historically speaking, the idea of possession came first in the minds of people and it was later on that the idea of ownership came into existence. The idea of ownership followed the idea of possession. In the below we will discussed the actual definition and meaning of ownership, essential of ownership and various forms of ownership. Definition and Meaning of Ownership: The right of ownership is a conception clearly easy to understand but difficult to define with exactitude. There are two main theories with regard to the idea of ownership. The great exponents of the two views are Austin and Salmond. According to one view, ownership is a relation which subsists between a person and a thing which is subject of ownership. Ac...