Poseedor

A 'Poseedor' (Spanish for possessor) is an individual or entity that has legal and/or rightful control or ownership of something, whether it be physical property (land, buildings, objects), intellectual property (copyrights, patents), or abstract rights (e.g., a right to a benefit). The 'Poseedor' is typically recognized by law as having the ability to use, enjoy, transfer, and exclude others from that which is possessed. The concept often implies responsibility for the item or right held. The degree of possession may vary; it could denote sole ownership, joint ownership, or merely temporary possession with limitations.

Poseedor meaning with examples

• The hacienda, passed down through generations, had been the Poseedor's source of pride and income for centuries. The old woman, as the sole Poseedor of the large estate, decided to divide the land, leaving a part for each of her three children. She hoped it would give them the possibility to establish a sustainable way of living, as she had once.
• After the bankruptcy of the tech giant, the government became the Poseedor of its patents. This granted the state the power to decide on what terms to make use of them, and to sell them. This complex decision of how to deal with the intellectual property was a crucial matter of public policy that required legal expertise to avoid any potential conflicts of interest or of legal claims.
• The bank was the Poseedor of the mortgage. In the event the homeowner stopped payments, the bank had the right to seize the property. The bank would evaluate all the financial risk and if the homeowner couldn't prove his/her ability to pay the mortgage, it would trigger the mortgage seizure and the owner would be left without the possibility of reclaiming the possession.
• As a Poseedor of the winning lottery ticket, the anonymous man chose to remain in the shadows. The man did this to keep his privacy and to protect himself from scam and opportunistic people. He assigned a lawyer as the legal representation in front of the authorities and accepted the winning prize, while hiding from the spotlight.