Simple Definition of property
: something that is owned by a person, business, etc.
: a piece of land often with buildings on it that is owned by a person, business, etc.
: a special quality or characteristic of something
Full Definition of property
1 a : a quality or trait belonging and especially peculiar to an individual or thing b : an effect that an object has on another object or on the senses c : virtue 3 d : an attribute common to all members of a class
2 a : something owned or possessed; specifically : a piece of real estate b : the exclusive right to possess, enjoy, and dispose of a thing : ownership c : something to which a person or business has a legal title d : one (as a performer) who is under contract and whose work is especially valuable e : a book or script purchased for publication or production
3 : an article or object used in a play or motion picture except painted scenery and costumes
Examples of property in a sentence
We are not responsible for the loss of personal property.
He was trying to sell stolen property.
He was caught trespassing on private property.
She owns all sorts of property around town.
The students were caught smoking on school property.
He owns several valuable properties in the area.
a developer of commercial properties
One of the properties of helium is its lightness.
A unique property of garlic is its strong odor.
The two plants have similar physical properties.
Origin of property
Middle English proprete, from Anglo-French propreté, from Latin proprietat-, proprietas, from proprius own
First Known Use: 14th century
Synonym Discussion of property
PROPERTY Defined for Kids
Definition of property for Students
1 : something (as land or money) that is owned <That car is my property.>
2 : a special quality of a thing <Sweetness is a property of sugar.>
Legal Definition of property
1 : something (as an interest, money, or land) that is owned or possessed — see also asset, estate, interest 1, possession 1e abandoned property : property to which the owner has relinquished all rights Editor's note: When property is abandoned, the owner gives up the reasonable expectation of privacy concerning it. The finder of abandoned property is entitled to keep it, and a police officer may take possession of abandoned property as evidence without violating the guarantee against unreasonable searches and seizures in the Fourth Amendment to the U.S. Constitution. after–acquired property 1 : property (as proceeds) that a debtor acquires after the commencement of a bankruptcy case and that is usu. considered part of the bankruptcy estate 2 : property acquired after the perfection of a lien or security interest; especially : such property acquired after the creation of a lien or security interest that is subject to the lien or becomes collateral for the security interest 3 : property transferred to the estate of a decedent after execution of the will common property : property owned or used by more than one party; specifically : property owned or leased by tenants in common — compare tenancy in common at tenancy community property : property held jointly by husband and wife; specifically : property esp. from employment acquired by either spouse after marriage that is deemed in states having a community property system to belong to both spouses as undivided one-half interests — compare joint tenancy and tenancy by the entirety at tenancy — ownership in indivision at ownership Editor's note: The states having community property laws are Louisiana, Arizona, California, Texas, Washington, Idaho, Nevada, New Mexico, and Wisconsin. immovable property : real property in this entry; specifically in the civil law of Louisiana : tracts of land with their component parts intangible property : property (as a stock certificate or professional license) that derives value not from its intrinsic physical nature but from what it represents intellectual property \ˌin-tə-ˈlek-chə-wəl-\ : property that derives from the work of the mind or intellect; specifically : an idea, invention, trade secret, process, program, data, formula, patent, copyright, or trademark or application, right, or registration relating thereto lost property : property that has been left in an unknown location involuntarily but through no one's fault Editor's note: The finder of lost property has title to the property against all the world except the true owner. marital property : property acquired by either spouse during the course of a marriage that is subject to division upon divorce — see also antenuptial agreement Editor's note: In most states, upon divorce marital property is divided according to what the court determines is equitable. movable property : property (as personal property or crops) that can be moved personal property 1 : property (as a vehicle) that is movable but not including crops or other resources still attached to land : property other than real property <a tax on the personal property of the corporation> 2 : property belonging to a particular person qualified terminable interest property : property passing to a surviving spouse that qualifies for the marital deduction if the executor so elects providing that the spouse is entitled to receive income in payments made at least annually for life and that no one has a power to appoint any part of the property to any person other than the surviving spouse — see also QTIP trust at trust Editor's note: Under federal tax law the property must be included in the gross estate of the surviving spouse at his or her own death, where it is subject to taxation. real property : property consisting of land, buildings, crops, or other resources still attached to or within the land or improvements or fixtures permanently attached to the land or a structure on it; also : an interest, benefit, right, or privilege in such property —called also immovable property separate property : property of a spouse that is not community property or marital property; especially : property acquired by a spouse before marriage or individually during marriage (as by gift or often by inheritance) tangible property : property that has a tangible and corporeal existence and intrinsic economic value because of it <the insurance policy restricted property damage coverage to tangible property> — compare intangible property in this entry
2 : one or more rights of ownership
Origin of property
Anglo-French propreté, proprieté, from Latin proprietat-, proprietas, from proprius own, particular
Seen and Heard
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