Holding, controlling, or having custody of property for one's use, either as an owner or as a person with a legal right.

Use possession in a sentence

You should try to have as many good assets in your possession as you can so that you know you have things of value.

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There was no way they would ever get the dirty miner to give up his gold ore, his most prize possession, not so long as he still lived

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In this quarter alone, I have gained possession of over ten thousand mineral acres in a well proven shale play, speculating that the price of crude oil will rise throughout the remainder of the year.

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