Meaning of the word "take possession of" in English

What does "take possession of" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

take possession of

US /teɪk pəˈzeʃ.ən ʌv/
UK /teɪk pəˈzeʃ.ən ʌv/
"take possession of" picture

Phrase

1.

to gain control or ownership of something

Example:
The bank will take possession of the property if the loan is not repaid.
After years of legal battles, the family was finally able to take possession of their ancestral home.
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