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1492 terms

Glossary

Every term is defined twice: once the way a filing would put it, and once the way somebody would explain it to you across a table. The second one is usually the one that sticks.

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Symbolic possession

Regulation & tax

Possession of a secured asset taken as a legal act — a notice affixed and published — rather than by physically occupying it.

In plain terms

The paper on the door. Actual physical possession of an occupied home usually needs a separate application to a magistrate, which is a further stage with its own timetable.

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Indian stock market glossary · Market Vidyalaya