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personal property definition - legal

n

Property that is movable, unlike real estate or things attached to the real estate. However, things attached to real estate may be considered as personal property, also known as personalty, if they can be relocated without doing irrevocable damage—a shed, perhaps, or even a mobile home. Personal property encompasses tangible and intangible non-real property.

Webster's New World Law Dictionary Copyright © 2006 by Wiley Publishing, Inc., Hoboken, New Jersey.
Used by arrangement with John Wiley & Sons, Inc.

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