noun[mass noun] British
The right of a purchaser to exclusive use of a property on completion of the sale, any previous occupant having moved out.
- The valuation assumes a sound freehold title with full vacant possession.
- The present value of the house, unencumbered with vacant possession, is about £160,000.
- The land with vacant possession was valued at £90,000.
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Line breaks: va¦cant pos¦ses|sion
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