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TeachMeFinance.com - explain joint ownership joint ownership -- a general term describing ownership by two or more parties. historic accounting definition (British)... joint ownership -- Ownership which is held by two or more persons. The most familiar instances of such ownership are joint tenancy and tenancy in common About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.