Personal property
Any movable thing or intangible item of value that is capable of being owned by a person and not recognized as real property. Synonymous with chattel.
Definition from Nolo’s Plain-English Law Dictionary
All property other than land and buildings attached to land. Cars, bank accounts, wages, securities, a small business, furniture, insurance policies, jewelry, patents, pets, and season baseball tickets are all examples of personal property. Personal property may also be called personal effects, movable property, goods and chattel, and personalty. Compare: real estate
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:21 pm
