possession

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.

Primary Meanings of possession

1.
n
anything owned or possessed
2.
n
a mania restricted to one thing or idea
Full Definitions of possession
1

n anything owned or possessed

Examples:
European Recovery Program
a United States program of economic aid for the reconstruction of Europe (1948-1952); named after George Marshall
Types:
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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
circumstances
a person's financial situation (good or bad)
assets
anything of material value or usefulness that is owned by a person or company
treasure
any possession that is highly valued by its owner
liabilities
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
hereditament
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)
things
any movable possession (especially articles of clothing)
immovable, real estate, real property, realty
property consisting of houses and land
commonage
property held in common
landholding
a holding in the form of land
salvage
property or goods saved from damage or destruction
shareholding
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
trade-in
an item of property that is given in part payment for a new one
public property
property owned by a government
wealth
property that has economic utility: a monetary value or an exchange value
estate
everything you own; all of your assets (whether real property or personal property) and liabilities
acquisition
something acquired
assignment, grant
(law) a transfer of property by deed of conveyance
escheat
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
heirloom
(law) any property that is considered by law or custom as inseparable from an inheritance is inherited with that inheritance
expenditure, 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
loss
something that is lost
payables
money that you currently expect to pay on notes and accounts
receivables
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
resource
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
equity
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
capital
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
trust
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
credit
money available for a client to borrow
overage
a surplus or excess of money or merchandise that is actually on hand and that exceeds expectations
deficit
an excess of liabilities over assets (usually over a certain period)
debt
money or goods or services owed by one person to another
charge
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
Type of:
relation
an abstraction belonging to or characteristic of two entities or parts together

n a territory that is controlled by a ruling state

Examples:
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Macao
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

n the act of having and controlling property

Synonyms:
ownership
Types:
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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
withholding
the act of holding back or keeping within your possession or control
storage
the act of storing something
Type of:
control
the activity of managing or exerting control over something

n (sport) the act of controlling the ball (or puck)

“they took possession of the ball on their own goal line”
Type of:
control
the activity of managing or exerting control over something

n the trait of resolutely controlling your own behavior

Synonyms:
self-command, self-control, self-possession, self-will, will power, willpower
Types:
nerves
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

n being controlled by passion or the supernatural

Type of:
enchantment, spell, trance
a psychological state induced by (or as if induced by) a magical incantation
2

n a mania restricted to one thing or idea

Synonyms:
monomania
Type of:
cacoethes, mania, passion
an irrational but irresistible motive for a belief or action

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