Constructive Possession

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Definition: Constructive Possession

Constructive Possession
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What is the dictionary definition of Constructive Possession?

Dictionary Definition

n. when a person does not have actual possession, but has the power to control an asset, he/she has constructive possession. Having the key to a safe deposit box, for example, gives one constructive possession.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/constructive-possession/
Modern Language Association (MLA):
Constructive Possession. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/constructive-possession/.
Chicago Manual of Style (CMS):
Constructive Possession. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/constructive-possession/ (accessed: April 20, 2024).
American Psychological Association (APA):
Constructive Possession. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/constructive-possession/

Definition Sources

Definitions for Constructive Possession are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 27th April, 2020 | 0 Views.