Glossary of Terms

Personal Property 2015-09-16 08:00:00

Personal Property

A type of property which, in its most general definition, can include any asset other than real estate. The distinguishing factor between personal property and real estate is that personal property is movable. That is, the
asset is not fixed permanently to one location as with real property such as land or buildings. An example of personal property could be office furniture.


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