accession

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Accession

1. In law, the process by which one acquires property from another property one already owns. Accession occurs when a produced property automatically belongs to the owner of the producing property. For example, a corn cob grown in a garden accedes to the owner of the corn stalk. Likewise, corn starch belongs to the owner of the original corn from which it was made.

2. In international relations, the process by which a country joins the European Union.

3. See: Acquisition.

accession

The right to own things that become a part of something you already own.When a tenant adds built-in cabinetry or other fixtures to a building,they become the property of the landlord by virtue of accession. Also frequently encountered in the realm of riparian (water) rights, such as new land created by dry river beds or retreating tidal lands.

References in periodicals archive ?
The five top exported goods (wool, casein, meat, butter and cheese) are exclusively agricultural products and make up more than 70 per cent of total New Zealand exports to the acceding Eastern European states, while it mainly imports from them various machinery and electrical equipment.
The paper is organised as follows: the next section reviews the literature on optimum currency area theory as it relates to the acceding countries of Central and Eastern Europe.
Most acceding countries wish to join ERM II soon after their accession and adopt the euro after the required minimum period of two years.
For example, suppliers should not be required to reissue or amend any invoices issued to customers in Acceding Countries for intra-EU supplies made during the transition period where the supplier is able to demonstrate the taxable status of the customer by other supporting documentation.
Some officials were saying that Australia fears that acceding to the TAC might temper Australia's plan, based on Howard's recent comments, to launch preemptive strikes if terrorists in neighboring nations were planning to attack Australia.
And, he goes on, "the medium- to long-term prospects are better still": educational attainment statistics in the region are encouraging, public expenditure on education is high, and training of the current workforce is already at the same level in the acceding states as it is in Germany and France.
First, what is the appropriate time span, in economic and political economy terms, for individual acceding countries to fulfil the Maastricht convergence criteria?
The organization urged the adoption of a transitional period until December 31, during which a customer's domestic VAT registration number in an acceding country will be accepted as sufficient evidence of taxable status to support zero-rating of intra-EU trade, provided the supplier has reasonably confirmed that the customer is in business and likely to be VAT registered.
Acceding to the press release, a talk show at private TV Channel Geo News Aaj Kamran Khan K Sath has telecasted a report that the commission in its interim report has said that malfunctioning of price fixing mechanism has allowed oil companies to make over Rs 80 billion illegally.
Rossi responded to a March 22, 2004, letter from Stephen Bill of the European Commission on the practical implications of making intra-EC supplies of goods to VAT-registered customers in Acceding Countries on or after 1 May 2004.
The figures also show that incoming students to the acceding countries have increased by 25%.
Along with China, three other states -- Russia, Japan and India -- have expressed an interest in acceding to it, Chem Widhya said.