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Owner
You can be charged for a service in different ways. The details about how you're charged we call a 'plan'. Sometimes you'll have more than one plan for a service, e.g. you might have 2 users on a Basic plan at $10/month and 5 users on a Professional plan at $100/year.
The “owner” is the person in the organization responsible for a plan.
A user can be the owner of more than one plan for each service.
If you set an alert for a service the owner is the one being notified.