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possession
(redirected from Possession versus Ownership)

   Also found in: Dictionary/thesaurus, Medical, Legal, Encyclopedia, Wikipedia 0.01 sec.
possession

Exercising dominion or control over property.There are two varieties of real property possession. Actual possession occurs when property is in the immediate physical control and occupancy of a party. Constructive possession exists as to the whole of a property when someone is in actual possession of a part.



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