Admitted being possessed (5)
I believe the answer is:
owned
I believe this is a double definition.
'admitted' is the first definition.
(I've seen this before)
'being possessed' is the second definition.
(I've seen this before)
(Other definitions for owned that I've seen before include "Had lawful title to" , "fully paid off?" , "Confessed" , "admitted making confession" , "Possessed; admitted" .)