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:
“Happier of happy though I be, like them
I cannot take possession of the sky,
Mount with a thoughtless impulse, and wheel there,
One of a mighty multitude whose way
And motion is a harmony and dance
Magnificent.”
—William Wordsworth (1770–1850)