business personal property



Building, equipment, fixtures, furniture, merchandise, etc., identified in an insurance policy as owned by the insured and used in his or her business. Also called contents.

Use this term in a sentence

  • The business personal property of ABC Company is assesed at 80% however their computer equipment is assessed only at 50% in accordance with the State of Missouri tax laws.

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  • The building and the contents within it were covered by the business personal property clause of the insurance policy and the company was compensated for their losses during the fire.

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  • It was our business personal property and no one could mess with it, because it belonged to us and no one else.

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