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:
“There will, however, be no one in need among you, because the LORD is sure to bless you in the land that the LORD your God is giving you as a possession to occupy, if only you will obey the LORD your God by diligently observing this entire commandment that I command you today.”
—Bible: Hebrew, Deuteronomy 15:4,5.