Etymology
From Middle English besitten, from Old English besittan (“to sit round, surround, beset, besiege, hold, council, occupy, possess”), from Proto-West Germanic *bisittjan, from Proto-Germanic *bisitjaną (“to sit near, sit among or around”), equivalent to be- + sit. Cognate with Dutch bezitten, German besitzen, Norwegian Bokmål besitte, Danish besidde, Swedish besitta, Gothic 𐌱𐌹𐍃𐌹𐍄𐌰𐌽 (bisitan).
Definitions & examples from Wiktionary (CC BY-SA 3.0).