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Emotional ObjectsPlay
People often combine 'possess' with objects they are emotionally attached to, showing importance. SlideHe possesses his grandfather's watch.
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Using 'possess' can indicate something unique or rare that someone has, not just common ownership. SlideShe possesses a rare talent for singing.
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Legal OwnershipPlay
Often used in formal situations like legal context to mean legal ownership or entitlement. SlideThe firm possesses the exclusive rights to the trademark.