get/take possession of sth

get/take possession of sth
to start to use and control goods, a building, or a piece of land, whether you own them or not: »

Was the bank entitled to take possession of his property and exercise its power of sale without an order of the court?

»

The court appointed a receiver to take possession of the assets of the company.

[U] LAW the crime of having illegal drugs or illegally owning a gun: »

He is wanted by police on charges of possession of illegal firearms.

Main Entry: possession

Financial and business terms. 2012.

Look at other dictionaries:

  • take possession of sth — get/take possession of sth ► to start to use and control goods, a building, or a piece of land, whether you own them or not: »Was the bank entitled to take possession of his property and exercise its power of sale without an order of the court?… …   Financial and business terms

  • get possession of sth — get/take possession of sth ► to start to use and control goods, a building, or a piece of land, whether you own them or not: »Was the bank entitled to take possession of his property and exercise its power of sale without an order of the court?… …   Financial and business terms

  • 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… …   Financial and business terms

  • possession — noun 1 STH YOU OWN (countable usually plural) something that someone owns and keeps or uses themselves: The police went through all the dead girl s possessions. | I packed my remaining possessions into the trunk. 2 STATE OF HAVING STH (U) formal… …   Longman dictionary of contemporary English

  • take — 1 /teIk/ verb past tense took past participle taken MOVE STH 1 (T) to move someone or something from one place to another: Don t forget to take your bag when you go. | Paul doesn t know the way can you take him? | take sb/sth to: We take the kids …   Longman dictionary of contemporary English

  • take — take1 W1S1 [teık] v past tense took [tuk] past participle taken [ˈteıkən] ▬▬▬▬▬▬▬ 1¦(action)¦ 2¦(move)¦ 3¦(remove)¦ 4¦(time/money/effort etc)¦ 5¦(accept)¦ 6¦(hold something)¦ 7¦(travel)¦ 8 …   Dictionary of contemporary English

  • possession — noun 1 having/owning sth ADJECTIVE ▪ exclusive, sole ▪ They had exclusive possession of the property as tenants. ▪ illegal, unlawful (esp. BrE) (both law) ▪ …   Collocations dictionary

  • possession — pos|ses|sion W3 [pəˈzeʃən] n ▬▬▬▬▬▬▬ 1¦(having something)¦ 2¦(something you own)¦ 3¦(crime)¦ 4¦(sport)¦ 5¦(country)¦ 6¦(evil spirits)¦ 7 in (full) possession of your faculties/senses 8 possession is nine tenths of the law ▬▬▬▬▬▬▬ 1.) …   Dictionary of contemporary English

  • Issue — A particular financial asset. The New York Times Financial Glossary * * * ▪ I. issue is‧sue 1 [ˈɪʆuː, ˈɪsjuː ǁ ˈɪʆuː] verb [transitive] 1. to officially give something such as a document to someone who needs or wants it: issue somebody with… …   Financial and business terms

  • issue — A particular financial asset. Bloomberg Financial Dictionary * * * ▪ I. issue is‧sue 1 [ˈɪʆuː, ˈɪsjuː ǁ ˈɪʆuː] verb [transitive] 1. to officially give something such as a document to someone who needs or wants it: issue somebody with something •… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”

We are using cookies for the best presentation of our site. Continuing to use this site, you agree with this.