Thanks Paolo. Your comments help, but I'm not there yet... I'm (1) zeroing in on ownership; and, (2) wishing I could understand Figure 12, as well as the other metaclass diagrams, better.
It is becoming clear to me that containment of an element does not imply ownership of it, nor does access to it. So ownership of an element simply provides rights to exert control over its accessibility by others, and the element's creation and destruction?
Yes Jim, essentially I believe you're right.
In various discussions on meronymy
associate connectors when reverse engineering I believe we need to clearly distinguish between:
1) Ownership: I control you (including who can access you and who create and destroy you)
2) Nesting: You cannot be accessed, except through me
3) Containment: I hold you within me - but you are not of me
4) Collection: You are in a group
Can you help me to read Figure 12 better?
In Figure 12, considering the link between Property and Association, the ownedEnd of the link is attached to that which is owned (Property), and the owningAssociation end is attached to that which has ownership rights (Association). But the question is "What is being owned here?", for when the Association is destroyed, something else is destroyed too. Does the Association own the link between itself and Property, or is the link notation saying that Association owns a Property? I guess the circular definition is confusing for a link is an association.
The associationEnd (the Property) is what is being owned (by the owningAssociation). The link is automatically destroyed (by a sort of garbage collection) when either end is destroyed.
To my imperfect mind, of the three links between Property and association, the first is navigable in both directions, the second is also (but adds aggregation to the mix) and the third is only navigable from Association to Property. These three links seem both redundant and contradictory to me.
Ah, now you've touched on what I believe is a deficiency in the UML specification with regard to rendering. There is no visible difference between the rendering of "navigable in both directions" and "navigable in neither direction". I'll leave it as a exercise for the reader to determine what navigable in neither direction could mean...

However, since the Association has both ends named, in this instance it is navigable in both directions as you suggest. Similarly, for the second one. I have written elsewhere, that in my view, the "composition" indicator in a UML model actually merely describes whether the end with the indicator (the whole) can destroy the other end (the part). The third is navigable only from the Association to the Property.
Now to the meat of your question. You are right to suspect redundancy, but it is at the instance level. The way to "read" the relationships between the Association and the Property is (in my view):
An Association is both a Relationship and a Classifier.
An Association has at least two members (which are Properties)
Some (possibly none) of those members can be owned by the Association
Some (possibly none) of these owned members are navigable.
So you see, the semantics of each of the Associations becomes progressively more restrictive, although any given link could participate in more then one Association.
And, looking below the Association, why is the type classifier not associated with the end property? or, is that what the association element is doing, or is that what "+/endType {ordered}" means? 
Each Association has a manifold, derived, Attribute called endType. It's not connected to the property because it isn't the type of the Property, it's the type of the Classifier at the end of the assocationEnd (I think).
I have more to ask, but I must deal with an unowned element called work.
Later.....
There's no such thing as a stupid question...

HTH,
Paolo