adverse possession

adverse possession definition - business

adverse possession

Acquiring title to land by continuous and open use of the land for a specified period of time defined by the state government in which the land is located. Also called squatter's rights.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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