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Simple English definitions for legal terms
in posse
Read a random definition: internal affairs of a foreign corporation
A quick definition of in posse:
Term: in posse
Definition: In posse means something that doesn't exist yet, but has the potential to exist in the future if certain conditions are met. For example, a person's will might include provisions for both their current children and any future children they may have (children in posse). It's the opposite of in esse, which means something that currently exists.
A more thorough explanation:
Term: in posseDefinition: Something that is not currently existing but has the potential to come into existence in the future under certain conditions.
Examples: The company has a lot of talented employees in posse who are waiting for the right opportunity to showcase their skills. The will of the deceased person included provisions for both living children and children in posse, meaning any future children that may be born after their death.
Explanation: The term "in posse" refers to something that is not yet a reality but has the potential to become one. The examples illustrate this by showing how there are employees who have the potential to do great things for the company, and how a will can include provisions for future children who are not yet born.