contraction. ˈits. əts. : it is : it has. Did you know? Keeping It's and Its in Their Places. It's and its. They're ubiquitous, and ubiquitously confused. In theory, the rule that distinguishes the two is simple: it's means it is or it has. The apostrophe signals that something has been removed: It's raining. [=It is raining.] More @Wikipedia
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