Meaning of the word possessor in English

What does possessor mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

possessor

US /pəˈzes.ɚ/
UK /pəˈzes.ər/

Noun

someone who owns something:

Example:
I'm pleased to say that I'm now the proud possessor of a driver's license!