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.
Important widely recognized types of property include real property (the combination of land and any improvements to or on the land), personal property (physical possessions belonging to a person), private property (property owned by legal persons or business entities), public property (state owned or publicly owned and available possessions) and intellectual property (exclusive rights over artistic creations, inventions, etc.), although the latter is not always as widely recognized or enforced. A title, or a right of ownership, establishes the relation between the property and other persons, assuring the owner the right to dispose of the property as the owner sees fit.
Other articles related to "property":
... Among contemporary political thinkers who believe that natural persons enjoy rights to own property and to enter into contracts, there are two views about John Locke ... is the functioning state protection of property rights in a formal property system where ownership and transactions are clearly recorded ... These property rights and the whole formal system of property make possible Greater independence for individuals from local community arrangements to protect their assets Clear, provable ...
... Regulatory taking refers to a situation in which a government regulates a property to such a degree that the regulation effectively amounts to an exercise of the ...
... to challenge laws that denied them the right to their property once they married ... States and the British Parliament began passing statutes that protected women's property from their husbands and their husbands' creditors ... These laws were known as the Married Women's Property Acts ...
... Immediately threatening to life, health, property or environment ... Have already caused loss of life, health detriments, property damage or environmental damage Have a high probability of escalating to cause immediate danger to life, health, property or environment In the ... typically defined by those state statutes as "a condition where life, health or property is in jeopardy, and the prompt summoning of aid is essential." Whilst ...
... was limited to male British subjects aged 21 or over who owned or rented sufficient property, and were not imprisoned for a serious offence ... Communally owned land was excluded from the property qualification, thus disenfranchising most Māori (indigenous) men ... Franchise extended to holders of miner's licenses who met all voting qualifications except that of property ...
Famous quotes containing the word property:
“Those whom the gods chose as their property must not consort with mortals.”
—Franz Grillparzer (17911872)
“For wisdom is the property of the dead,
A something incompatible with life; and power,
Like everything that has the stain of blood,
A property of the living; but no stain
Can come upon the visage of the moon
When it has looked in glory from a cloud.”
—William Butler Yeats (18651939)
“Abscond. To move in a mysterious way, commonly with the property of another.”
—Ambrose Bierce (18421914)