▁is ▁most ▁commonly ▁used ▁in ▁regards ▁to ▁property ▁and ▁is ▁a ▁land - back ed ▁asset . ▁This ▁legal ▁tradition ▁holds ▁that ▁who ever ▁occup ies ▁property ▁and ▁uses ▁it ▁for ▁its ▁friendly ▁function ▁has ▁the ▁right ▁to ▁possess ▁it . ▁ ▁Ex amples ▁Several ▁examples ▁have ▁been ▁given ▁of ▁the ▁right ▁of ▁: ▁ ▁A ▁business ▁bu ys ▁a ▁vehicle ▁and ▁obtain s ▁finan cing . ▁ ▁The ▁company ▁purch asing ▁the ▁vehicle ▁becomes ▁the ▁registered ▁owner ▁and ▁has ▁both ▁possession ▁and ▁right ▁of ▁possession . ▁ ▁The ▁financial ▁organization ▁providing ▁finan cing ▁would ▁become ▁the ▁li en holder ▁and ▁have ▁a ▁security ▁interest ▁that , ▁upon ▁default , ▁would ▁rip en ▁into ▁a ▁right ▁of ▁ret ention ▁( ius ▁ret ention is ). ▁ ▁If ▁the ▁business ▁that ▁bought ▁the ▁vehicle ▁then ▁r ented ▁it ▁to ▁someone , ▁that ▁individual ▁would ▁then ▁have ▁possession ▁but ▁would ▁not ▁have ▁right ▁of ▁possession . ▁ ▁The ▁company ▁rent ing ▁the ▁vehicle ▁to ▁them ▁could ▁repos s ess ▁the ▁vehicle , ▁for ▁example , ▁if ▁they ▁hold ▁the ▁vehicle ▁past ▁the ▁contract ▁period . ▁ ▁Also , ▁if ▁the ▁r ental ▁company ▁missed ▁pay ments ▁to ▁the ▁li en holder , ▁the ▁li en holder ▁could ▁repos s ess ▁the ▁vehicle ▁from ▁the ▁person ▁having ▁possession ▁as ▁well . ▁ ▁I ▁purchase ▁a ▁pen ▁at ▁a ▁store . ▁ ▁I ▁have ▁all ▁three ▁attributes ▁( pos session , ▁right ▁of ▁possession ▁and ▁right ▁of ▁property ). ▁ ▁If ▁I ▁loan ▁the ▁pen ▁to ▁someone