Owner
/ˈoʊnər/
Definitions
- (n.) A person or entity that lawfully possesses or holds title to property.
The owner of the house is responsible for repairs.
- (n.) An individual who has legal rights over a business or asset.
The business owner decided to expand the company.
Forms
- owners
Related terms
See also
Commentary
In legal drafting, clearly distinguishing 'owner' from related terms like 'possessor' or 'holder' helps avoid ambiguity regarding rights and responsibilities.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.