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Own

To have the exclusive right to use and abuse property within the limits of the law. For example, if one owns land, the owner may use it to build a house, start a farm or dump toxic waste, subject to zoning, environmental and other applicable laws. The ability of an individual to own something is the foundation of the free market system.
References in periodicals archive ?
I'm pleased to announce the start of Employee Ownership Month 2014 and am looking forward to a month of celebrations with our members," said ESOP Association President, J.
9 November 2012 3 Initial statement of beneficial ownership of
The reason for the new regulations was a concern that, absent a special rule, a distribution from such a trust could cause an ownership change.
The Seaborn decision was in keeping with the general federal income tax rule that state law determines property of ownership, although the federal law governs how it shall be taxed.
In addition to her ownership stake, Johnson will take on the titles of president, managing partner, and governor of the Mystics.
In 1996 the corporation underwent a "D" reorganization that reduced Charles' ownership to 19% and increased Kenneth's to 65%.
Whitman, a member of the Bureau of Economic Analysis Advisor Committee and a professor of public policy and business at the University of Michigan, addressed the issues of residence versus ownership in the following context: "The question of whether the residency or the ownership concept is more relevant to the distinction between `domestic' and `foreign' goods and services has been on the radar screen at least since the early 1990s.
According to Jeffrey Schotz, executive managing officer, GVA Williams, "The growth of our Ownership Services Division is an indication of the strong demand for this specialized service.
6 percent while Asian home ownership grew by about 37 percent.
Terakedis and Fisher said shared ownership differs from traditional split dollar, because it allows a residual owner--the one that owns the true insurance--also to own a portion of the policy's cash value.
The acquisition or control of shares, assets or ownership interests under this subpart is not permitted unless it is part of a bona fide underwriting or merchant or investment banking activity.