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Define owns. owns synonyms, owns pronunciation, owns translation, English dictionary definition of owns. adj. Of or belonging to oneself or itself: She makes her own clothes. The parent company that owns the steakhouse chain 801 Chophouse has filed for bankruptcy, but all locations will remain open. The Kansas-based 801 Restaurant Group filed for Chapter 11 bankruptcy ... own (third-person singular simple present owns, present participle owning, simple past and past participle owned) (transitive) To have rightful possession of (property, goods or capital); to have legal title to; to acquire a property or asset. I own this car.