Legal Definition of Property:Property, an object of legal rights, which embraces possessions or wealth collectively, frequently with strong cannotations of individual ownership. In law the term refers to the complex of jural relationships between and among persons with respect to things.
What is the correct definition of property?
Property is any item that a person or a business has lagal title over. Property can be tangible items, such as houses, cars, or appliances, or it can refer to intengible items that carry the promise of future worth, such as stock and bond certificates. Which is the best definition of property?
Property is something that is owned, whether it is goods, land or creative. An example of property is a person's house. A thing or things owned; possessions collectively; esp., land or real estate owned.
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