Meaning of the word possessor in English

What does possessor mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

possessor

US /pəˈzes.ɚ/
UK /pəˈzes.ər/

Noun

a person who owns or has something

Example:
The rightful possessor of the property was finally identified.
He is the proud possessor of a rare coin collection.