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:
“Who hears me, who understands me, becomes mine,—a possession for all time.”
—Ralph Waldo Emerson (1803–1882)