'fairly-owned' originates from the combination of 'fairly' and 'owned', where 'fairly' means 'in a fair manner' and 'owned' means 'to have possession of'.

'fairly' comes from Old English 'fægerlice', meaning 'beautifully' or 'pleasantly', and 'owned' comes from Old English 'āgnian', meaning 'to possess'.

Initially, 'fairly' meant 'beautifully', but over time it evolved to mean 'in a fair manner'. 'Owned' has largely retained its original meaning of 'to possess'.