owner

(redirected from Owners)
Also found in: Dictionary, Thesaurus, Medical, Financial, Encyclopedia, Wikipedia.
Related to Owners: Owners Equity

Owner

The person recognized by the law as having the ultimate control over, and right to use, property as long as the law permits and no agreement or Covenant limits his or her rights.

owner

n. one who has legal title or right to something. Contrary to the cynical adage: "Possession is nine-tenths of the law," possession does not necessarily make one a legal owner. (See: own)

owner

noun claimer, controller, holder, homeowner, householder, land owner, landlord, lessor, legitimate perron entitled to, master, occupier, person holding ownerrhip on record, possessor, property owner, proprietor, record-holder, retainer, title holder
Associated concepts: beneficial owner, co-owner, equiiable owner, general owner, gun owner, joint owners, owner of copyright, part owners, record owner, repeated owner
See also: director, employer, holder, lessor, principal, proprietor, shareholder, tenant

OWNER, property. The owner is he who has dominion of a thing real or personal, corporeal or incorporeal, which he has a right to enjoy and to do with as he pleases, even to spoil or destroy it, as far as the law permits, unless he be prevented by some agreement or covenant which restrains his right.
     2. The right of the owner is more extended than that of him who has only the use of the thing. The owner of an estate may, therefore change the face of it; he may cut the wood, demolish the buildings, build new ones, and dig wherever he may deem proper, for minerals, stone, plaster, and similar things. He may commit what would be considered waste if done by another.
     3. The owner continues to have the same right although he perform no acts of ownership, or be disabled from performing them, and although another perform such acts, without the knowledge or against the will of the owner. But the owner may lose his right in a thing, if he permit it to remain in the possession of a third person, for sufficient time to enable the latter to acquire a title to it by prescription, or lapse of time. See Civil Code of Louis. B. 2, t. 2, c. 1; Encyclopedie de M. D'Alembert, Proprietaire.
     4. When there are several joint owners of a thing, as for example, of a ship, the majority of them have the right to make contracts in respect of such thing, in the usual course of business or repair, and the like, and the minority will be bound by such contracts. Holt, 586; 1 Bell's Com. 519, 5th ed. See 5 Whart. R. 366.

References in classic literature ?
Joseph had instilled into him a pride of name, and of his lineage; he would, had he dared, have fostered hate between him and the present owner of the Heights: but his dread of that owner amounted to superstition; and he confined his feelings regarding him to muttered innuendoes and private comminations.
The owner of one scant young nose, gnawed and mumbled by the hungry cold as bones are gnawed by dogs, stooped down at Scrooge's keyhole to regale him with a Christmas carol: but at the first sound of
I have looked, a little shrinking creature, at that door, until the owners of all the names - there were five-and-forty of them in the school then, Mr.
Every halfpenny I possess is stolen money; but it has been stolen legally, and, what is of some practical importance to you, I have no means of restoring it to the rightful owners even if I felt inclined to.
It is first agreed and settled among them, what suspected persons shall be accused of a plot; then, effectual care is taken to secure all their letters and papers, and put the owners in chains.
Surely the owners of such charming voices ought not to conceal themselves
To have taken all who offered themselves would have been an injury to the owners of the ships, by rendering them unable to continue their voyage; we therefore accepted only of a few.
So enormous has been the use of copper wire since then by the telephone companies, that fully one-fourth of all the capital invested in the telephone has gone to the owners of the copper mines.
Directly I had joined I received from my owners instructions to send all the ship's apprentices away on leave together, because in such weather there was nothing for anybody to do, unless to keep up a fire in the cabin stove.
The fact is, for more than a century the various owners in the succession here, with the exception of a short time, have lived abroad.
Being a slave owner and like other slave owners a politician, he was naturally an original secessionist and ardently devoted to the Southern cause.
Personal rights, universally the same, demand a government framed on the ratio of the census; property demands a government framed on the ratio of owners and of owning.