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immediate possession

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  • immediate possession — ➔ possession * * * immediate possession UK US noun [U] ► PROPERTY, LAW the legal right to take control of a property as soon as an official arrangement is completed, for example when the property is sold: »If a landlord files an immediate… …   Financial and business terms

  • possession — pos‧ses‧sion [pəˈzeʆn] noun 1. [countable] something that someone owns: • It s vital to insure your possessions for the journey to your new home. 2. [uncountable] the state of having or owning something: • What happens if the buyer has… …   Financial and business terms

  • possession — pos·ses·sion /pə ze shən/ n 1: the act, fact, or condition of having control of something: as a: actual possession in this entry b: constructive possession in …   Law dictionary

  • Possession — Pos*ses sion, n. [F. possession, L. possessio.] 1. The act or state of possessing, or holding as one s own. [1913 Webster] 2. (Law) The having, holding, or detention of property in one s power or command; actual seizin or occupancy; ownership,… …   The Collaborative International Dictionary of English

  • immediate post-death interest — (IPDI) England, Wales An interest in possession (IIP) (interest in possession trust) where: • The trust is created by a …   Law dictionary

  • possession — Having control over a thing with the intent to have and to exercise such control. Oswald v. Weigel, 219 Kan. 616, 549 P.2d 568, 569. The detention and control, or the manual or ideal custody, of anything which may be the subject of property, for… …   Black's law dictionary

  • vacant possession — /veɪkənt pəˈzɛʃən/ (say vaykuhnt puh zeshuhn) noun the right of immediate possession of a house or property, the prior occupant having departed …   Australian English dictionary

  • To give possession — Possession Pos*ses sion, n. [F. possession, L. possessio.] 1. The act or state of possessing, or holding as one s own. [1913 Webster] 2. (Law) The having, holding, or detention of property in one s power or command; actual seizin or occupancy;… …   The Collaborative International Dictionary of English

  • To put in possession — Possession Pos*ses sion, n. [F. possession, L. possessio.] 1. The act or state of possessing, or holding as one s own. [1913 Webster] 2. (Law) The having, holding, or detention of property in one s power or command; actual seizin or occupancy;… …   The Collaborative International Dictionary of English

  • To take possession — Possession Pos*ses sion, n. [F. possession, L. possessio.] 1. The act or state of possessing, or holding as one s own. [1913 Webster] 2. (Law) The having, holding, or detention of property in one s power or command; actual seizin or occupancy;… …   The Collaborative International Dictionary of English

  • Writ of possession — Possession Pos*ses sion, n. [F. possession, L. possessio.] 1. The act or state of possessing, or holding as one s own. [1913 Webster] 2. (Law) The having, holding, or detention of property in one s power or command; actual seizin or occupancy;… …   The Collaborative International Dictionary of English

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