Lawyers sometimes describe ownership as a bundle of sticks. This metaphor was introduced about a century ago, and it has dramatically transformed the teaching and practice of law. The metaphor is useful because it helps us see ownership as a grouping of interpersonal rights that can be separated and put back together. When you say It’s mine in reference to a resource, often that means you own a lot of the sticks that make up the full bundle: the sell stick, the rent stick, the right to mortgage, license, give away, even destroy the thing. Often, though, we split the sticks up, as for a piece of land: there may be a landowner, a bank with a mortgage, a tenant with a lease, a plumber with a license to enter the land, an oil company with mineral rights. Each of these parties owns a stick in the bundle.
* mortgage: 저당잡히다 ** tenant: 임차인