possession

possession pos‧ses‧sion [pəˈzeʆn] noun
1. [countable] something that someone owns:

• It's vital to insure your possessions for the journey to your new home.

2. [uncountable] the state of having or owning something:

• What happens if the buyer has possession of a work, but has not completely paid for it when it is stolen?

• The creditors will take possession of assets worth the $85 million owed to them.

• The company refused to relinquish possession of the 68-bed hospital.

ˌfreehold posˈsession [uncountable]
PROPERTY when you own land, a house, a flat etc rather than rent it
imˌmediate posˈsession [uncountable] PROPERTY
the legal right to move into a house or other property immediately after buying it
ˌleasehold posˈsession [uncountable]
PROPERTY when you rent land, a house, a flat etc rather than own it
ˌprivate posˈsession [uncountable]
when something is owned by a person for their own use rather than by an organization or government:

• a federal law that bans the private possession of automatic weapons

ˌquiet posˈsession [uncountable] LAW
the legal right of being able to use your own property or goods without other people causing problems, for example by claiming that they own them:

• They had the right to sell the goods and the warranty of quiet possession.

ˌvacant posˈsession [uncountable] PROPERTY
when land, a house etc is for sale with no one living there:

• the huge difference in price between land with and land without vacant possession

3. [uncountable] LAW the crime of having illegal drugs or a gun when it is illegal to do so:

• He was sentenced to 16 months in prison for cocaine possession.

* * *

possession UK US /pəˈzeʃən/ noun
[U] the situation in which someone has or owns something: in sb's possession »

No steps may be taken to repossess goods in the company's possession except with the leave of the court.

have possession of sth »

The Court of Appeal admitted that Ms Mountford did have exclusive possession of the property.

in possession of sth »

The ruling did not establish that he was in possession of the disputed land.

See also FREEHOLD POSSESSION(Cf. freehold possession), IMMEDIATE POSSESSION(Cf. ↑immediate possession), LEASEHOLD POSSESSION(Cf. ↑leasehold possession), PRIVATE POSSESSION(Cf. ↑private possession), QUIET POSSESSION(Cf. ↑quiet possession), VACANT POSSESSION(Cf. ↑vacant possession)
[C, usually plural] something that someone owns or has with them at a particular time: »

The value of his possessions came to about $1 million.

»

material/personal possessions

get/take possession of sth — Cf. take possession of sth

Financial and business terms. 2012.

Synonyms:

Look at other dictionaries:

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  • possession — pos·ses·sion /pə ze shən/ n 1: the act, fact, or condition of having control of something: as a: actual possession in this entry b: constructive possession in …   Law dictionary

  • possession — et heritage, Possessio. La possession et terre d aucun, Dominatus. Une grande possession et heritage, Latifundium. Possession vuide et vacue, Vacua praedia. L art de musique est devenu en la possession de peu de gens, Ad paucos recidit ars musica …   Thresor de la langue françoyse

  • possession — Possession. s. f. Joüissance, estat de celuy qui possede quelque chose. Possession legitime. possession injuste. possession immemoriale & non interrompuë. possession d an & jour. possession bienfondée. estre en possession. se mettre en possession …   Dictionnaire de l'Académie française

  • Possession — Pos*ses sion, n. [F. possession, L. possessio.] 1. The act or state of possessing, or holding as one s own. [1913 Webster] 2. (Law) The having, holding, or detention of property in one s power or command; actual seizin or occupancy; ownership,… …   The Collaborative International Dictionary of English

  • Possession — (englisch und französisch für „Besitz“ oder „Besessenheit“) ist der Name einer Insel im Indischen Ozean, siehe Île de la Possession dreier Inseln in der englischsprachigen Welt, siehe Possession Island der Gemeinde La Possession im Norden von… …   Deutsch Wikipedia

  • Possession — Saltar a navegación, búsqueda Possession Título Possession Ficha técnica Dirección Joel Bergvall Simon Sandquist Reparto Sarah Michelle Gellar Lee Pace …   Wikipedia Español

  • possession — [n1] control, ownership custody, dominion, hold, occupancy, occupation, possessorship, proprietary, proprietary rights, proprietorship, retention, tenancy, tenure, title; concepts 343,710 Ant. lack, need, want possession [n2] something owned;… …   New thesaurus

  • possession — [pə zesh′ən] n. [OFr < L possessio] 1. a possessing or being possessed, as by ownership or occupancy; hold 2. anything possessed 3. [pl.] property; wealth 4. territory ruled by an outside country 5. control of oneself: rare except in SELF… …   English World dictionary

  • Possession — Pos*ses sion, v. t. To invest with property. [Obs.] [1913 Webster] …   The Collaborative International Dictionary of English

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