A Possession

1. Control or occupancy of something for which one does not necessarily have private property rights.
2. Something that is owned.
3. Ownership; taking, holding, keeping something as one's own.
4. A territory under the rule of another country.
5. The condition or affliction of being possessed by a demon or other supernatural entity.
6. The condition of being under the control of strong emotion or madness.
7. (sports) Control of the ball; the opportunity to be on the offensive.

8. (Australian rules football) A disposal of the ball during a game, i.e. a kick or a handball.
9. (linguistics) A syntactic relationship between two nouns or nominals that may be used to indicate ownership.

One who possesses is often said to have possession (of), hold possession (of), or be in possession (of).

One who acquires is often said to take possession (of), gain possession (of), or come into possession (of).

ight (obsolete)

(taking, holding, keeping something as one's own): owndom, retention: property

(taking, holding, keeping something as one's own): absence