What is "chose in possession"

Chose \Chose\, n.; pl. Choses. [F., fr. L. causa cause, reason. See Cause.] (Law) A thing; personal property.

Chose in action, a thing of which one has not possession or actual enjoyment, but only a right to it, or a right to demand it by action at law, and which does not exist at the time in specie; a personal right to a thing not reduced to possession, but recoverable by suit at law; as a right to recover money due on a contract, or damages for a tort, which can not be enforced against a reluctant party without suit.

Chose in possession, a thing in possession, as distinguished from a thing in action.

Chose local, a thing annexed to a place, as a mill.

Chose transitory, a thing which is movable.
--Cowell. Blount.