|
|
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 MatchesPersonal 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. Interest in possessionInterest in possessionThe legal right to receive income from, or occupy, trust property. Debtor in possessionDebtor in possessionA firm that continues to operate under the Chapter 11 bankruptcy process. RepossessionRepossessionUsually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses. Possessions corporationPossessions corporationA type of corporation permitted under the US tax code whose branch operation in a US possession can obtain tax benefits as though it were operating as a foreign subsidiary. Further SuggestionsDebtor in possession financingPossession Unity Of Possession Adverse possession |
|
|
|