The FindLaw Legal Dictionary -- free access to over 8260 definitions of legal terms. Search for a definition or browse our legal glossaries.
third possessor n
in the civil law of Louisiana
: one who acquires mortgaged property and is not personally bound for the obligation secured by the mortgage
Source: Merriam-Webster's Dictionary of Law ©1996. Merriam-Webster, Incorporated. Published under license with Merriam-Webster, Incorporated.