Meaning of “possessor” in the English Dictionary

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"possessor" in Business English

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possessornoun [ C ]

uk /pəˈzesər/ us formal

a person, company, etc. that owns something:

possessor of sth Even the biggest oil producer and possessor of the world's largest petroleum reserves has been running budget deficits.
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(Definition of “possessor” from the Cambridge Business English Dictionary © Cambridge University Press)