Possession Date: Canada Debt .ca defines Possession Date

Bankruptcy Term Possession Date

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Canada Debt has the definition to the bankruptcy and debt term Possession Date. Finding answers to terms such as Possession Date can be difficult, especially if there is more than one definition which is why we have created a page dedicated to financial terms dealing exclusively with debt. Possession Date in financial terms means...

In debt and bankruptcy terms, the phrase / term 'Possession Date' is used as follows:

That time that is mutually agreed that the person buying property will take ownership, control or possession of it.