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If you "own" a firearm, you actually have purchased it (hopefully legally) and it belongs to you.

If you "possess" a firearm it does not necessarily mean that you own it or that you even actually have it on your person. Simply your proximity to it, its ready availability to you, and your ability to 'exercise control over it' is enough to prove "possession" in the law (e.g.: it's in a car that you're occupying - it's in your residence somewhere - it's being carried by your 'friend' - etc - etc).

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Q: What is the difference in owning and possesing a firearm?
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