Property

Property

Property is any physical or intangible entity that is owned by a person or jointly by a group of people or a legal entity like a corporation. Depending on the nature of the property, an owner of property has the right to consume, sell, rent, mortgage, transfer, exchange or destroy it, or to exclude others from doing these things.

Read more about Property.

Famous quotes containing the word property:

    “A few days later the younger son gathered all he had and traveled to a distant country, and there he squandered his property in dissolute living.”
    —Bible: New Testament, Luke 15:13.

    “It is as if being was to be observed,
    As if, among the possible purposes
    Of what one sees, the purpose that comes first,
    The surface, is the purpose to be seen,
    The property of the moon, what it evokes.”
    —Wallace Stevens (1879–1955)

    “Never let the estate decrease in your hands. It is only by such resolutions as that that English noblemen and English gentlemen can preserve their country. I cannot bear to see property changing hands.”
    —Anthony Trollope (1815–1882)