own (adj.)

"properly or exclusively belonging to one's self or itself," Middle English ouen, from Old English agen, literally "possessed by," from Proto-Germanic *aiganaz "possessed, owned" (source also of Old Saxon egan, Old Frisian egin, Old Norse eiginn, Dutch eigen, German eigen "own"), from past participle of PIE root *aik- "be master of, possess," source of Old English agan "to have" (see owe). Emphatic use after a possessive noun or pronoun is from late Old English. To hold one's own "maintain one's position" is by 1520s.

own (v.)

c. 1200, ounen, ahnen, "to possess, have; rule, be in command of, have authority over;" from Old English geagnian, from root agan "to have, to own" (see owe), and in part from the adjective own (q.v.). It became obsolete after c. 1300, but was revived early 17c., in part as a back-formation of owner (mid-14c.), which continued. From c. 1300 as "to acknowledge, concede, admit as a fact," said especially of things to one's disadvantage. To own up "make full confession" is from 1853. Related: Owned; owning.

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Definitions of own from WordNet
own (v.)
have ownership or possession of;
He owns three houses in Florida
Synonyms: have / possess
own (adj.)
belonging to or on behalf of a specified person (especially yourself); preceded by a possessive;
do your own thing
for your own use
she makes her own clothes
Synonyms: ain