> For all practical purposes, if I purchase a new iPhone from ATT or T-Mobile on contract, I do own the phone. What do you think owning something outright mean

> For all practical purposes, if I purchase a new iPhone from ATT or T-Mobile on contract, I do own the phone. What do you think owning something outright means? (If i can own something outright while it not legally being mine, and me paying for its use monthly via a contract, you have a more flexible definition of outright ownership than me!) With this definition, I own my home outright with a mortgage. (This is of course nonsense, and by definition owning outright means it is unencumbered).