Take: v. to get temporary or permanent possession
You can basically take your personal possession or take the possession of another who has given you permission to do so. You can take possession temporarily such as borrowing something from someone else for a short time or you can have permanent possession of something which you own or something which has been given you permanently by someone else.
A possession can be your personal possession and/or the possession of someone else who has given you permission to use it. The possession may be a shared possession owned by two or more humans including yourself.
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