Private ownership; possession by an individual or private entity rather than public/shared ownership.
その土地は現在私有地になっている。
That land is currently privately owned.
国有化の代わりに、企業の私有が続いた。
Instead of nationalization, corporate private ownership continued.
私有財産の概念は経済や法律で重要な役割を持つ。
The concept of private property plays an important role in economics and law.