Legal Definition
In a legal context, 'possession' refers to the legal right or title over a specific asset, property, or right, which grants the holder the right to exercise control over it. It establishes the legal basis for ownership and the authority to use or dispose of an asset.
Plain-English Translation
Imagine 'possession' as having the official right to say something is yours. If you possess a piece of land or a document, it means you have the legal power to control that thing, like owning a specific house or holding a valid contract.