third possessor

noun

Legal Definition of third possessor

in the civil law of Louisiana : one who acquires mortgaged property and is not personally bound for the obligation secured by the mortgage

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“Third possessor.” Merriam-Webster.com Legal Dictionary, Merriam-Webster, https://www.merriam-webster.com/legal/third%20possessor. Accessed 5 Mar. 2021.

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