Definition, Meaning & Synonyms

own-outright

Phrase

/oʊn aʊtˈraɪt/

Definition

To possess something completely and without any restrictions or conditions.

Examples

After years of hard work, she finally owns her house outright.
He sold his car but chose to own the new vehicle outright instead of financing it.
They were proud to be able to say they owned their business outright without any investors.

Meaning

The phrase ‘own outright’ refers to the complete ownership of an asset, indicating that there are no debts, claims, or encumbrances associated with it.