To possess something legally or rightfully; to have something as one's own, often with the right to use, control, and dispose of it. It implies a legal or recognized right of possession, often derived through purchase, inheritance, or creation. This includes both tangible and intangible assets, extending to real property, personal belongings, intellectual property, and even abstract concepts like feelings or obligations. The act of owning signifies a recognized claim to the object or concept, setting it apart from the broader domain and under the proprietor's control. Ownership implies a degree of exclusivity and entitlement to the benefits derived from the possessed item. It also often carries associated responsibilities, such as maintenance, care, and adherence to legal regulations.
Owns meaning with examples
- The family owns a substantial estate in the countryside, complete with acres of farmland and a historical manor house. Their ownership grants them the exclusive right to reside there, cultivate the land, and make any necessary improvements or modifications. They're also responsible for the property's upkeep and for paying property taxes. The sprawling land provides them with a sense of legacy.
- The company owns several patents protecting its cutting-edge technology. These patents give the firm exclusive rights to use, manufacture, and sell its inventions, preventing competitors from replicating the designs. This ownership of intellectual property is a crucial component of their business strategy and ensures a competitive advantage. They can also choose to license or sell their patents.
- Sarah owns her own small business, a quaint bookstore downtown. She is responsible for all aspects of the business, from managing inventory and hiring employees to ensuring profitability. Her ownership grants her the freedom to make all decisions about the bookstore's direction and pursue her passion for books. This responsibility gives her a sense of pride.
- The museum owns a priceless collection of ancient artifacts, safeguarded within climate-controlled display cases. They are the legal custodians, responsible for the preservation and exhibition of the artifacts, making them accessible to the public for education and enjoyment. Their ownership allows them to study and share their knowledge.
Owns Crossword Answers
3 Letters
HAS
5 Letters
SPUES AVOWS
6 Letters
FESSES ADMITS
9 Letters
POSSESSES