Constructive Possession

Business, Legal & Accounting Glossary

Definition: Constructive Possession




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.


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https://payrollheaven.com/define/constructive-possession/
Modern Language Association (MLA):
Constructive Possession. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 18, 2021 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: September 18, 2021).
American Psychological Association (APA):
Constructive Possession. PayrollHeaven.com. Retrieved September 18, 2021, 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.