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.

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Famous quotes containing the word property:

    Personal rights, universally the same, demand a government framed on the ratio of the census: property demands a government framed on the ratio of owners and of owning.
    Ralph Waldo Emerson (1803–1882)

    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)

    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.