possession - Vocabulary

Definition

Possession is when you have or own something, like a book or a house. It's something that belongs to you and it's legally protected.

Examples in Different Contexts

Once the data is downloaded, it is in the user's possession and they are responsible for its security.

Practice Scenarios

Business

Scenario:

We've finally closed the deal on the new building. We can start moving in from next week.

Response:

Indeed, we should plan a meeting to discuss the logistics for shifting into the new building we have possession of.

Academics

Scenario:

Given the exclusivity of our research findings, patenting would be a prudent step to protect our work.

Response:

Yes, protecting the possession of our research through a patent is essential to prevent misuse.