tangible personal property
Definition from Nolo’s Plain-English Law Dictionary
Personal property that can be felt or touched. Examples include furniture, cars, jewelry, and artwork. In contrast, cash and checking accounts are not tangible personal property. The law is unsettled as to whether computer data is tangible personal property. Compare: intangible property
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:25 pm