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What is another word for transferred possession?

3 synonyms found

Pronunciation:

[ tɹansfˈɜːd pəzˈɛʃən], [ tɹansfˈɜːd pəzˈɛʃən], [ t_ɹ_a_n_s_f_ˈɜː_d p_ə_z_ˈɛ_ʃ_ə_n]

The term "transferred possession" refers to the act of transferring ownership or control of an item from one individual or entity to another. Synonyms for this phrase include "conveyed ownership," "handed-over," "passed on," "relinquished control," "delivered," "bestowed," "disposed of," "divested," "alienated," and "shifted proprietorship." Each of these synonyms conveys the idea of a change in ownership or control, whether it be through a legal process or a simple exchange between parties. Understanding these synonyms can enhance communication in legal or business contexts where the transfer of possession is a key consideration.

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    Synonyms for Transferred possession:

    How to use "Transferred possession" in context?

    Transferred possession is a legal process in the United States by which the legal right to possess property is transferred from one person to another. The process is used to end a relationship where one person is unable to care for the property or where the property is no longer owned by the original owner. The property must have been owned for at least six months before the transfer can be finalized.

    The property must be appraised and the new owner must have funds available to cover the costs of the property. The new owner must also have the intention to keep the property. The process can be difficult to complete and is not always successful.

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