owned

Owned is the past participle and adjective form of the verb own. As a verb, own indicates possession or control of something. As an adjective, owned describes something that is possessed or held by someone, such as 'an owned asset' or 'owned property'.

Etymology and usage: The verb own derives from Old English agen, with the modern sense appearing in Middle English; the past tense is regular -ed. The phrase 'to own up' means to admit responsibility. In passive constructions, 'owned' indicates possession by a party: 'the house is owned by the city'.

In contemporary culture, 'owned' and its variant 'pwned' are used in online gaming and memes to signify a decisive defeat or dominance. A related noun, 'ownage' or 'pwnage', denotes such domination. Outside slang, owned functions as an ordinary adjective or verb in property or rights discussions.

Legal and economic contexts distinguish ownership from other relations such as possession or custodianship. Ownership conveys the right to use, exclude others, and transfer the item. Ownership can be sole or joint, and may apply to real property, personal property, or intellectual property, with transfer typically requiring a title, deed, or contract.