personal property
Definition
Possessions other than real estate or buildings. Personal property is movable and includes tangible (appliances, car, furniture, jewelry) and intangible (bonds, right to a benefit, shares or stocks) items whose ownership belongs to the individual. Also called chattels.
personal property is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
personal property appears in the definitions of the following terms:
condominium,
conversion,
severed realty,
household goods,
general lien,
FF&E,
assessed value,
garnishment,
incorporeal property,
corporeal property
and
personal property appears in the other terms: personal property tax, business personal property
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