A possession is something that belongs to you. If you've got a special rubber ducky, that’s one of your possessions, and it may even be your prized possession.

Possession is all about control: if you have possession of something, you own it, or have your hands on it. If your house keys are in your possession, you know where they are. In soccer being in possession means having control of the ball; in hockey, it’s having your stick on the puck. A possession can also be a territory controlled by another government, as Puerto Rico is a possession of the United States.

Definitions of possession
  1. noun
    anything owned or possessed
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    belongings, holding, property
    something owned; any tangible or intangible possession that is owned by someone
    white elephant
    a valuable possession whose upkeep is excessively expensive
    transferred possession, transferred property
    a possession whose ownership changes or lapses
    a person's financial situation (good or bad)
    anything of material value or usefulness that is owned by a person or company
    any possession that is highly valued by its owner
    anything that is owed to someone else
    material possession, tangible possession
    property or belongings that are tangible
    worldly belongings, worldly goods, worldly possessions
    all the property that someone possess
    ratables, rateables
    property that provides tax income for local governments
    any property (real or personal or mixed) that can be inherited
    intellectual property
    intangible property that is the result of creativity (such as patents or trademarks or copyrights)
    community property
    property and income belonging jointly to a married couple
    personal estate, personal property, personalty, private property
    movable property (as distinguished from real estate)
    any movable possession (especially articles of clothing)
    immovable, real estate, real property, realty
    property consisting of houses and land
    property held in common
    a holding in the form of land
    property or goods saved from damage or destruction
    a holding in the form of shares of corporations
    church property, spirituality, spiritualty
    property or income owned by a church
    lease, letting, rental
    property that is leased or rented out or let
    an item of property that is given in part payment for a new one
    public property
    property owned by a government
    property that has economic utility: a monetary value or an exchange value
    everything you own; all of your assets (whether real property or personal property) and liabilities
    something acquired
    assignment, grant
    (law) a transfer of property by deed of conveyance
    the property that reverts to the state
    stolen property
    property that has been stolen
    heritage, inheritance
    that which is inherited; a title or property or estate that passes by law to the heir on the death of the owner
    (law) any property that is considered by law or custom as inseparable from an inheritance is inherited with that inheritance
    expenditure, expense, outgo, outlay, spending
    money paid out; an amount spent
    part, percentage, portion, share
    assets belonging to or due to or contributed by an individual person or group
    tax base
    collective value of taxable assets
    tax liability
    the amount of tax owed; calculated by applying the tax rate to the tax base
    something that is lost
    money that you currently expect to pay on notes and accounts
    money that you currently expect to receive from notes or accounts
    crown jewel
    the most desirable assets of a corporation
    deep pocket
    a source of substantial wealth (usually plural)
    reserve assets
    capital held back from investment in order to meet probable or possible demands
    amount, amount of money, sum, sum of money
    a quantity of money
    available source of wealth; a new or reserve supply that can be drawn upon when needed
    intangible, intangible asset
    assets that are saleable though not material or physical
    current assets, liquid assets, quick assets
    assets in the form of cash (or easily convertible into cash)
    investment, investment funds
    money that is invested with an expectation of profit
    the difference between the market value of a property and the claims held against it
    stockholding, stockholdings
    a specific number of stocks or shares owned
    protection, security
    defense against financial failure; financial independence
    security, surety
    property that your creditor can claim in case you default on your obligation
    material resource
    assets in the form of material possessions
    wealth in the form of money or property owned by a person or business and human resources of economic value
    capital, working capital
    assets available for use in the production of further assets
    cash in hand, finances, funds, monetary resource, pecuniary resource
    assets in the form of money
    something (as property) held by one party (the trustee) for the benefit of another (the beneficiary)
    hole card
    any assets that are concealed until they can be used advantageously
    money available for a client to borrow
    a surplus or excess of money or merchandise that is actually on hand and that exceeds expectations
    an excess of liabilities over assets (usually over a certain period)
    money or goods or services owed by one person to another
    financial liabilities (such as a tax)
    accounts receivable
    a creditor's accounts of money owed to him; normally arise from the sale of products or services
    accounts payable
    a debtor's accounts of money he owes; normally arise from the purchase of products or services
    a valuable item that someone owns
    type of:
    an abstraction belonging to or characteristic of two entities or parts together
  2. noun
    a territory that is controlled by a ruling state
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    a former Portuguese province on the south coast of China and two islands in the South China Sea; reverted to China in 1999
    British Virgin Islands
    more than 40 northeastern Virgin Islands (15 inhabited); a dependent territory of the United Kingdom
    United States Virgin Islands
    more than 130 southeastern Virgin Islands; a dependent territory of the United States
    Gilbert and Ellice Islands
    a former British possession in Micronesia
    Faeroe Islands
    a self-governing colony that is a possession of Denmark in the Faroe Islands
    French Polynesia
    a French overseas possession in the South Pacific
    type of:
    district, dominion, territorial dominion, territory
    a region marked off for administrative or other purposes
  3. noun
    the act of having and controlling property
    synonyms: ownership
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    actual possession
    (law) immediate and direct physical control over property
    constructive possession
    (law) having the power and intention to have and control property but without direct control or actual presence upon it
    criminal possession
    (law) possession for which criminal sanctions are provided because the property may not lawfully be possessed or may not be possessed under certain circumstances
    holding, keeping, retention
    the act of retaining something
    illegal possession
    possession of controlled substances
    the act of holding back or keeping within your possession or control
    the act of storing something
    type of:
    the activity of managing or exerting control over something
  4. noun
    (sport) the act of controlling the ball (or puck)
    “they took possession of the ball on their own goal line”
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    type of:
    the activity of managing or exerting control over something
  5. noun
    the trait of resolutely controlling your own behavior
    synonyms: self-command, self-control, self-possession, self-will, will power, willpower
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    control of your emotions
    presence of mind
    self-control in a crisis; ability to say or do the right thing in an emergency
    type of:
    firmness, firmness of purpose, resoluteness, resolution, resolve
    the trait of being resolute
  6. noun
    being controlled by passion or the supernatural
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    type of:
    enchantment, spell, trance
    a psychological state induced by (or as if induced by) a magical incantation
  7. noun
    a mania restricted to one thing or idea
    synonyms: monomania
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    type of:
    cacoethes, mania, passion
    an irrational but irresistible motive for a belief or action
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