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Definition of personal properties in English English dictionary
property of any kind except real property It may be tangible, having physical existence, or intangible, having no physical existence, such as copyrights, patents, or securities
Property that is not real property or affixed to real property, such as cars, stock, furniture, etc Petition: The document that initiates a bankruptcy case The filing of the petition constitutes an order for relief and institutes the automatic stay Events are frequently described as "prepetition", happening before the bankruptcy petition was filed, and "post petition", after the bankruptcy
Any of your property, such as furniture, clothing and consumer electronics, other than real estate property Your homeowner policy covers the personal property of you and your family members
Any property that doesnât fall under the category of real property It includes all of your movable possessions, such as furniture, automobiles and clothing and other investments such as stocks and bonds or limited partnership interest (see Real Property)
Things that are tangible and movable; property that is not classified as real property, such as chattels Title to personal property is transferred by way of a bill of sale, as contrasted with a deed for real property Items of personal property frequently become the object of dispute between buyer and seller, most often due to whether an item is considered a fixture or due to the seller's attempt to substitute a similar item Some cautious buyers insert a clause in their purchase contracts to the effect that the buyer will get the appliances "as currently installed and used in the premises "A tree is real property while it is rooted in the ground, but when severed it is transformed into personal property When lumber is assembled, however, and used as material to construct a house, it once again becomes a fixture, or real property (See fixture)
Furniture, equipment, and other moveable property and assets Buildings and land are not personal property, they are real property When buying or constructing a building, valuable tax benefits can be found by carefully identifying which property is properly treated as personal property instead of real property This is because personal property can be written off (depreciated) more quickly than real property
Legally, any property of an insured other than real property More often used to refer to the personal property of family members insured under a Homeowner's policy
Any property which is not real property; also called Personalty Generally, all things which are not real property; things of a temporary or movable nature (See Chattel)
Tangible physical property (such as cars, clothing, furniture, and jewelry) and intangible personal property This does not include real property such as land or rights in land
Any property that doesn't fall under the category of real property It includes all of your movable possessions, such as furniture, automobiles and clothing and other investments such as stocks and bonds or limited partnership interest (see Real Property)