|
|
Notorious Possession |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesPossessionPossessionWhen a buyer signs the papers and receives the keys to the house, they officially take possession. Unity Of PossessionUnity Of PossessionIn joint tenancy, the joint tenants must have equal rights to posesion. Adverse possessionAdverse possessionThe acquisition of title to property through possession without the owner's consent for a certain period of time. Debtor 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. Debtor in possessionDebtor in possessionA firm that continues to operate under the Chapter 11 bankruptcy process. Further Suggestionspersonal possessionsPossessions corporation interest in possession Repossession |
|
|
|