All of those payments will likely properly clear but not leave you in actual legal possession of money. (money.stackexchange.com)
An agreement that names a trustee who holds legal possession of a fund or an asset for the benefit of another person or entity, known as the beneficiary. (allstate.com)
For example, Ontario buyers can take legal possession of a property without a survey, but in Alberta a buyer must have a Real Property Report — a legal document that shows the location of visible improvements relative to property boundaries. (moneysense.ca)