What does it mean to acquire something?

To acquire something means to obtain possession of that item, effectively gaining ownership or control over it. This concept implies a process where an individual or organization actively seeks out and successfully gains something that is not already in their possession. In many contexts, acquiring can involve purchasing, receiving as a gift, or otherwise obtaining an asset.

This definition is fundamental in various fields, such as law, business, and personal finance, where understanding ownership transfer is crucial. Acquisition is often used in legal contexts where property or rights are transferred from one entity to another. By focusing on the act of obtaining possession, this answer encompasses the core meaning of 'acquire,' which aligns with standard usage in everyday language and specific terminologies in various sectors.