From The Collaborative International Dictionary of English v.0.48:

Own \Own\, v. t. [imp. & p. p. Owned; p. pr. & vb. n.
   Owning.] [OE. ohnien, ahnien, AS. [=a]gnian, fr. [=a]gen
   own, a. See Own, a.]
   To hold as property; to have a legal or rightful title to; to
   be the proprietor or possessor of; to possess; as, to own a
   [1913 Webster]
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