What is the definition of Reduction into possession? | Dictionary.net

REDUCTION INTO POSSESSION

\ɹɪdˈʌkʃən ˌɪntʊ pəzˈɛʃən], \ɹɪdˈʌkʃən ˌɪntʊ pəzˈɛʃən], \ɹ_ɪ_d_ˈʌ_k_ʃ_ə_n ˌɪ_n_t_ʊ p_ə_z_ˈɛ_ʃ_ə_n]\

Definitions of REDUCTION INTO POSSESSION

1910 - Black's Law Dictionary (2nd edition)

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The act of exercising the right conferred by a chose in action, so as to convert it into a chose in possession; thus, a debt is reduced into possession by payment Sweet.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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