possession of interest
Look at other dictionaries:
interest — in·ter·est / in trəst; in tə rəst, ˌrest/ n [probably alteration of earlier interesse, from Anglo French, from Medieval Latin, from Latin, to be between, make a difference, concern, from inter between, among + esse to be] 1: a right, title, claim … Law dictionary
Interest — Interest † Catholic Encyclopedia ► Interest Notion of interest Interest is a value exacted or promised over and above the restitution of a borrowed capital. ♦ Moratory interest, that is interest due as an indemnity or a… … Catholic encyclopedia
interest in possession — England, Wales Interest in possession (IIP) is a trust law principle that has UK taxation implications. A beneficiary of a trust has an IIP if they have the immediate right to receive the income arising from the trust property, or have the use… … Law dictionary
possession — pos·ses·sion /pə ze shən/ n 1: the act, fact, or condition of having control of something: as a: actual possession in this entry b: constructive possession in … Law dictionary
Interest in possession trust — An interest in possession trust is a form of legal arrangement which gives a person a present right to the present enjoyment of something [ Viscount Dilhorne in Pearson v IRC [1980] STC 318 at 323] . At least one of the beneficiaries of this type … Wikipedia
interest in property — In the broader sense of the term, ownership of a particular property, whether of the full or a lesser interest. More precisely, a right in or to property which is less than ownership or title, 29A Am J Rev ed Ins § 825. A right less than an… … Ballentine's law dictionary
possession — Occupancy and exercise of dominion over property. 42 Am J2d Prop § 42. The exercise of dominion over land, even without a residence thereon. Morrison v Kelly, 22 Ill 610. A holding of land legally by one s self or through another, such as a… … Ballentine's law dictionary
possession — Having control over a thing with the intent to have and to exercise such control. Oswald v. Weigel, 219 Kan. 616, 549 P.2d 568, 569. The detention and control, or the manual or ideal custody, of anything which may be the subject of property, for… … Black's law dictionary
possession — I (New American Roget s College Thesaurus) State of owning or the thing owned Nouns 1. possession, ownership; proprietorship, lordship, fee, seigniorage, seigniory; empire, dominion (see authority); interest, stake, estate, right, title, claim,… … English dictionary for students
possession are the following: — • making a PACT with the Devil or demons • participating in occult or spiritualist rites, including playing with divination devices such as a OUIJA™ or doing automatic writing • offering or dedicating a child to SATAN • being the… … Encyclopedia of Demons and Demonology
