possedevamo
Possedevamo is a form found in Italian that represents a conjugated verb form of possedere, meaning to possess or own. In standard grammar, it is described as an imperfect indicative form used with the first-person plural, noi, to talk about past possession that was ongoing or habitual.
Grammatically, possed ere is a transitive verb, and possedevamo signals an imperfect aspect: the action of possessing
Usage and nuance: possedevamo would be appropriate when describing a past state of ownership or possession
Example (illustrative): Nel periodo della crisi, possedevamo poche risorse ma perseveravamo. Translation: During the period of