Right Of Possession
The right of possession means that someone currently holds something in hand and this person may be the temporary keeper or the long-term owner of an object.
This term is most commonly used in regards to property and is a land-backed asset. This legal tradition holds that whoever occupies property and uses it for its social function has the right to possess it.
Read more about Right Of Possession: Examples
Famous quotes containing the word possession:
“Even in our democratic New England towns the accidental possession of wealth, and its manifestation in dress and equipage alone, obtain for the possessor almost universal respect.”
—Henry David Thoreau (1817–1862)