PERSONAL PROPERTY Meaning and
Definition
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Personal property refers to movable assets or possessions owned by an individual or entity that are not permanently affixed to land or real estate. These belongings typically include items such as furniture, electronics, vehicles, jewelry, and various personal effects. Unlike real property, personal property can be moved, consumed, or disposed of.
Personal property can be further classified into tangible and intangible assets. Tangible personal property encompasses physical objects that can be touched, seen, and transported. Examples of tangible personal property may include clothing, books, vehicles, and artwork. On the other hand, intangible personal property refers to assets that lack physical substance and are often represented by legal documents or agreements. These intangible assets can include trademarks, copyrights, patents, stocks, bonds, and financial accounts.
It is important to note that the distinction between personal property and real property can sometimes be blurred, as certain assets such as mobile homes, manufactured houses, and boats may have characteristics of both. Furthermore, personal property is subject to various legal regulations, including taxation, inheritance laws, and transfer of ownership. These regulations may vary across jurisdictions.
Common Misspellings for PERSONAL PROPERTY
- oersonal property
- lersonal property
- -ersonal property
- 0ersonal property
- pwrsonal property
- psrsonal property
- pdrsonal property
- prrsonal property
- p4rsonal property
- p3rsonal property
- peesonal property
- pedsonal property
- pefsonal property
- petsonal property
- pe5sonal property
- pe4sonal property
- peraonal property
- perzonal property
- perxonal property
Etymology of PERSONAL PROPERTY
The word "personal" comes from the late Latin word "personalis", which means "pertaining to a person". It originates from the Latin word "persona", which means "mask". In ancient Rome, actors wore masks to represent their characters, hence the term "persona" came to describe an individual's role or identity. Over time, "personalis" developed in English to refer to something specific to a person or an individual's own.
The word "property" comes from the Latin word "proprietas", which means "ownership" or "propriety". It is derived from the Latin word "proprius", meaning "one's own" or "characteristic". "Proprius" relates to the idea of something being inherent or distinct to an individual.
When combined, "personal" and "property" form the phrase "personal property", indicating possessions or belongings that are exclusive or specific to an individual.
Similar spelling words for PERSONAL PROPERTY
- personal magnetism,
- Personal Cheque,
- personal estate,
- personal appeal,
- personal judgment,
- personal check,
- personal computer,
- Personal Organiser,
- personal matters,
- personal equation,
- personal expense,
- personal manner,
- personal identity,
- personal effects,
- personal pronoun,
- personality test,
- personal income,
- Personal Judgement,
- personnel pouch,
- personal chattel,
- personal memory,
- personal organizer,
- personal letter,
- personal relation.
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