real and personal property
- 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.
* * *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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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 — ► 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 — 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 — 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 — 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 tax lien — A lien for unpaid taxes on personal property, usually extending to the real as well as the personal property of the taxpayer, and sometimes a lien only upon the real estate. 51 Am J1st Tax §§ 1011, 1018 … Ballentine's law dictionary