own

Vocabulary Word

Definition

To 'own' something means to possess it legally or have a rightful claim over it. Like if you own a house, it means it's yours and you have the legal papers to prove it.

Examples in Different Contexts

In discussions about land rights, 'own' can delve into issues of legal and ancestral land ownership. An activist might assert, 'Indigenous communities have owned and protected these lands for generations.'

Practice Scenarios

Tech

Scenario:

The new application has a unique algorithm that could revolutionize data management. How can we secure it?

Response:

To secure it, we should own the patent. This way, its usage remains in our control.

Business

Scenario:

Our goal is to increase market share. We need a strategy that allows us to expand efficiently.

Response:

Our focus should be on acquiring companies that we can own and bring under our brand umbrella.