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PossessionWhen a buyer signs the papers and receives the keys to the house, they officially take possession.Possession Similar MatchesRepossessionRepossessionUsually occurs after a borrower seriously defaults on payments. The lender then legally evicts the borrower and usually auctions the property to recover losses. Debtor in possessionDebtor in possessionA firm that continues to operate under the Chapter 11 bankruptcy process. Interest in possessionInterest in possessionThe legal right to receive income from, or occupy, trust property. Adverse possessionAdverse possessionThe acquisition of title to property through possession without the owner's consent for a certain period of time. 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 SuggestionsNotorious PossessionUnity Of Possession personal possessions Debtor in possession financing |
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