Possession is the act of having or owning something. It is the state of having control over something or someone. Possession can be either tangible (physical) or intangible (non-physical). Tangible possessions include things such as property, money, and other physical objects. Intangible possessions include things such as knowledge, rights, and goodwill. There are three types of possession: actual possession, constructive possession, and joint possession. Actual possession is when a person has direct physical control over an item. Constructive possession is when a person has control over an item even though they don’t have physical control of it. Joint possession is when two or more people have ownership of an item.