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 lawyer’s dream of Heaven: Every man reclaimed his own property at the resurrection, and each tried to recover it from all his forefathers.”
    —Samuel Butler (1835–1902)

    “If property had simply pleasures, we could stand it; but its duties make it unbearable. In the interest of the rich we must get rid of it.”
    —Oscar Wilde (1854–1900)

    “As a man is said to have a right to his property, he may equally be said to have a property in his rights.”
    —James Madison (1751–1836)