Legal Definitions - in posse

Term: in posse
Definition: 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.