real and personal property
- real and personal property
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Basic types of property in English
common law, roughly corresponding to the division between immovables and movables in
civil law.
Real property consists of land, buildings, crops, and other resources, improvements, or fixtures still attached to the land. Personal property is essentially all property other than real property, including goods, animals, money, and vehicles.
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a basic division of property in English common law, roughly corresponding to the division between immovables and movables in civil law. At common law most interests in land and fixtures (such as permanent buildings) were classified as real-property interests. Leasehold interests in land, however, together with interests in tangible movables (e.g., goods, animals, or merchandise) and interests in intangibles (e.g., stocks, bonds, or bank accounts) were classified as personal-property interests, if they were classified as property at all. Personal property, also known as “chattels,” could be further subdivided into chattels personal (interests in tangible movables and in intangibles) and chattels real (personal property interests in land, of which leaseholds were the most important). Chattels personal could be further subdivided into choses in possession (interests in tangible movables, including animals,
merchandise, and
goods) and choses in action (interests in intangibles, including promissory notes and rights of action). The distinction between real and personal property, though still observed today, is of less significance in Anglo-American legal systems than it once was.
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Universalium.
2010.
Look at other dictionaries:
Real and personal property — The phrase real and personal property collectively refers to two types of property: *Real property *Personal property … Wikipedia
Personal property — For other uses, see Personal property (disambiguation). Property law … Wikipedia
personal property — see property Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. personal property … Law dictionary
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 — Property of any kind or any interest therein, except real property, records of the Federal Government, and naval vessels of the following categories: surface combatants, support ships, and submarines … Military dictionary
property law — Introduction principles, policies, and rules by which disputes over property are to be resolved and by which property transactions may be structured. What distinguishes property law from other kinds of law is that property law deals with… … Universalium
property tax — a tax levied on real or personal property. [1800 10] * * * Levy imposed on real estate (land and buildings) and in some jurisdictions on personal property such as automobiles, jewelry, and furniture. Some countries also levy property taxes on… … Universalium
property — propertyless, n. /prop euhr tee/, n., pl. properties. 1. that which a person owns; the possession or possessions of a particular owner: They lost all their property in the fire. 2. goods, land, etc., considered as possessions: The corporation is… … Universalium
personal — personalness, n. /perr seuh nl/, adj. 1. of, pertaining to, or coming as from a particular person; individual; private: a personal opinion. 2. relating to, directed to, or intended for a particular person: a personal favor; one s personal life; a … Universalium
property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest … Law dictionary
