personal property

personal property: personal property see property

personal property: index effects, movable, paraphernalia (personal belongings), personalty, possessions

personal property: property that is not real property. It includes goods and chattels but also leaseholds and land, whether freehold or leasehold, held on trust for sale and conversion into money.

personal property: 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

Category: Bankruptcy, Foreclosure & Debt

Category: Wills, Trusts & Estates

personal property: USA

Tangible and intangible assets of an entity, other than its real property. It is a classification of asset over which an entity will grant a security interest under Article 9 of the UCC.

See also

collateral

personal property: n. Property that is movable, unlike real estate or things attached to the real estate. However, things attached to real estate may be considered as personal property, also known as personalty, if they can be relocated without doing irrevocable damage-a shed, perhaps, or even a mobile home. Personal property encompasses tangible and intangible non-real property.

personal property: Everything that is the subject of ownership that does not come under the denomination of real property; any right or interest that an individual has in movable things.

personal property: I
Everything that is the subject of ownership that does not come under the denomination of real property; any right or interest that an individual has in movable things.
II Anything a person owns other than real estate.

personal property: n.

same as "personalty."

See also: personalty

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Personal property — Personal Per son*al (p[ e]r s[u^]n*al), a. [L. personalis: cf. F. personnel.] 1. Pertaining to human beings as distinct from things. [1913 Webster] Every man so termed by way of personal difference. Hooker. [1913 Webster] 2. Of or pertaining to a … The Collaborative International Dictionary of English
personal property — Assets, such as cars, stock, furniture, etc., that is not real estate or affixed to real property. (Bankruptcy in Brief) Property that is not real property; things moveable, also known as chattels. (Dictionary of Canadian Bankruptcy Terms) United … Glossary of Bankruptcy
personal property — ► NOUN Law ▪ all of someone s property except land and buildings. Compare with REAL PROPERTY(Cf. ↑real property) … English terms dictionary
personal property — n. any property that is not real property and that is movable or not attached to the land … English World dictionary
Personal property — For other uses, see Personal property (disambiguation). Property law … Wikipedia
personal property — In broad and general sense, everything that is the subject of ownership, not coming under denomination of real estate. A right or interest in things personal, or right or interest less than a freehold in realty, or any right or interest which one … Black's law dictionary
Personal Property — A type of property which, in its most general definition, can include any asset other than real estate. The distinguishing factor between personal property and real estate is that personal property is movable. That is, the asset is not fixed… … Investment dictionary
personal property — Defined by law to be all property that is not real property. Further classified in Article 9 of the Uniform Commercial Code into various categories. American Banker Glossary Any assets other than real estate. Bloomberg Financial Dictionary * * *… … Financial and business terms
personal property — All property that is not real estate (i.e., all property other than land and the fixtures that are permanently attached to it). Cars, bank accounts, shares, wages, a small business, furniture, insurance policies, jewelry and patents are… … Business law dictionary
personal property — Money, goods, and movable chattels. Ralston Steel Car Co. v Ralston, 112 Ohio St 306, 147 NE 513, 39 ALR 334. Goods, chattels, things in action, evidences of debt, and money. All objects and rights which are capable of ownership except freehold… … Ballentine's law dictionary

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personal property

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