An "Owner" is an individual or entity that possesses legal rights to a property, business, or asset. This person or organization has the authority to make decisions regarding the use, management, and transfer of the owned item. Ownership can apply to various contexts, including real estate, vehicles, and intellectual property. In a business context, an owner may be a sole proprietor, a partner, or a shareholder in a corporation. Owners are responsible for the financial success of their ventures and may also be involved in day-to-day operations. Their rights and responsibilities are often defined by laws and regulations related to property rights and business management.