owns
v. A1 Beginner US //ˈoʊnz// UK //ˈəʊnz// owns
v. to have something that belongs to you because you bought it or it was given to you.
v. to possess something as property; to have legal title or right to a thing.
She owns a small house near the beach.
The local family owns several businesses in the town center, including the bakery and the hardware store.
While the state technically owns the land, the farmers hold long-term leases that grant them nearly all the same rights as private proprietors.
Usage
The verb is transitive and takes a direct object; it is a stative verb and is rarely used in the continuous (-ing) form.
Pitfall
I am owning this carI own this carAs a stative verb describing a state of possession, it is not used in the continuous tense.