Meaning of the word "catching is before hanging" in English

What does "catching is before hanging" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

catching is before hanging

US /ˈkætʃɪŋ ɪz bɪˈfɔːr ˈhæŋɪŋ/
UK /ˈkætʃɪŋ ɪz bɪˈfɔː ˈhæŋɪŋ/
"catching is before hanging" picture

Idiom

you must possess or catch something before you can decide what to do with it or dispose of it

Example:
You're planning the victory party already? Remember, catching is before hanging.
We can't sell the house until we actually own it; catching is before hanging.