This is the 7329th most frequent Dutch word.
bezitten
To own or possess.
In this sentence, 'bezitten' is used to indicate ownership of a tangible asset, namely a house.
Ik bezit een huis in Amsterdam.
I own a house in Amsterdam.
Here, 'bezitten' is used to denote possession of an intangible quality or knowledge.
Hij bezit veel kennis over geschiedenis.
He possesses much knowledge about history.
In this example, 'bezitten' is used for expressing possession of an abstract quality or ability.