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Notorious Possession |
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Notorious PossessionA requirement for adverse possession. Possession so open (notorious) that the owner is presumed to have notice of it and its extent.Notorious Possession Similar MatchesDebtor in possession financingDebtor in possession financingNew debt obtained by a firm during the Chapter 11 bankruptcy process, Federal Bankruptcy Rule 4001 (c)(1). This financing is unique because it is secured, that is, it has priority over existing debt, equity and other claims. Interest in possessionInterest in possessionThe legal right to receive income from, or occupy, trust property. Personal possessionsPersonal possessionsThe personal possessions of a deceased person which pass to the beneficiary or beneficiaries of the residue of estate unless otherwise stated in the will. Unity Of PossessionUnity Of PossessionIn joint tenancy, the joint tenants must have equal rights to posesion. RepossessionRepossessionUsually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses. Further SuggestionsAdverse possessionPossession Debtor in possession Possessions corporation |
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