Froogle | Glossary | 'Property'

Every species of valuable right/interest that:

(i) is subject to ownership;

(ii) has an exchangeable value; and/or

(iii) adds to one’s wealth/estate.

Property also describes one’s exclusive right to possess/use/dispose-of a thing (as well as the subject/benefit/prerogative that constitutes the subject matter of that right).

COMMON PROPERTY: 1. That which belongs to the citizenry as a whole

2. Property owned by TENANTS IN COMMON (or – in some jurisdictions [where designated by statute] – property that is owned by husband & wife).
Compare community property.
PERSONAL PROPERTY: see personal property
REAL PROPERTY: see real property

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PROPERTY

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