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non-owned

 

Definitions from the Web

Non-Owned

Definition

Non-Owned refers to something that is not owned by a particular individual or entity.

Usage

As an Adjective:

In the insurance industry, non-owned refers to coverage provided to protect policyholders against liability for accidents caused by vehicles not owned by the policyholder, such as rented or borrowed vehicles.

Sample Sentence: John purchased non-owned auto insurance to cover himself while driving his friend's car.


As a Noun:

Non-owned can also be used as a noun to refer to possessions or assets that are not owned by someone but are being used by them temporarily.

Sample Sentence: The company issued a policy that covers non-owned property left at the office by employees.


As a Verb:

Non-owned can also be used as a verb, particularly in legal and corporate contexts, to describe the act of not owning or not taking ownership of something.

Sample Sentence: The corporation decided to non-own the subsidiary to avoid additional expenses.

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