get/take possession of sth
► to start to use and control goods, a building, or a piece of land, whether you own them or not: »
Was the bank entitled to take possession of his property and exercise its power of sale without an order of the court?
»The court appointed a receiver to take possession of the assets of the company.
► [U] LAW the crime of having illegal drugs or illegally owning a gun: »
He is wanted by police on charges of possession of illegal firearms.
Main Entry: ↑possession
Financial and business terms. 2012.