Personal property
Term · Law · MLC-T-LAW-003737
Any movable item that an individual owns, excluding real estate or fixtures permanently attached to land. This category includes tangible assets like vehicles, furniture, and jewelry, as well as intangible assets such as stocks, bonds, and intellectual property. The transfer of personal property is governed by different legal rules than those for real property.
| Identifier | MLC-T-LAW-003737 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003737",
"term": "Personal property",
"field": "Law",
"definition": "Any movable item that an individual owns, excluding real estate or fixtures permanently attached to land. This category includes tangible assets like vehicles, furniture, and jewelry, as well as intangible assets such as stocks, bonds, and intellectual property. The transfer of personal property is governed by different legal rules than those for real property.",
"url": "https://mlchart.com/terminology/law/personal-property/"
}
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