Real and personal property | Britannica

Real and personal property, a basic division of property in English common law, roughly corresponding to the division between immovables and movables in civil law. At common law most interests in land and fixtures (such as permanent buildings) were classified as real-property interests. Leasehold interests in land, however, together with interests in tangible movables (e.g., goods, animals, or merchandise) and interests in intangibles (e.g., stocks, bonds, or bank accounts) were classified as personal-property interests, if they were classified as property at all. Personal property, also known as “chattels,” could be further subdivided into chattels personal (interests in tangible movables and in intangibles) and chattels real (personal property interests in land, of which leaseholds were the most important). Chattels personal could be further subdivided into choses in possession (interests in tangible movables, including animals, merchandise, and goods) and choses in action (interests in intangibles, including promissory notes and rights of

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Personal property legal definition of personal property

Personal Property

Everything that is the subject of ownership that does not come under the denomination of real property; any right or interest that an individual has in movable things.

Personal property can be divided into two major categories: (1) corporeal personal property, including such items as animals, merchandise, and jewelry; and (2) incorporeal personal property, comprised of such rights as stocks, bonds, Patents, and copyrights.


Possession is a property interest under which an individual is able to exercise power over something to the exclusion of all others. It is a basic property right that entitles the possessor to (1) the right to continue peaceful possession against everyone except someone having a superior right; (2) the right to recover a chattel that has been wrongfully taken; and (3) the right to recover damages against wrongdoers.Possession requires a degree of actual control over the object, coupled with the intent to

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How School Funding’s Reliance On Property Taxes Fails Children : NPR

Map of school funding in US

Let’s begin with a choice.

Say there’s a check in the mail. It’s meant to help you run your household. You can use it to keep the lights on, the water running and food on the table. Would you rather that check be for $9,794 or $28,639?

It’s not a trick question. It’s the story of America’s schools in two numbers.

That $9,794 is how much money the Chicago Ridge School District in Illinois spent per child in 2013 (the number has been adjusted by Education Week to account for regional cost differences). It’s well below that year’s national average of $11,841.

Ridge’s two elementary campuses and one middle school sit along Chicago’s southern edge. Roughly two-thirds of its students come from low-income families, and a third are learning English as a second language.

Here, one nurse commutes between three schools, and the two elementary schools share an art teacher

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Unclaimed Money, Missing Money, Unclaimed Property

Free Unclaimed Money Search. Is Unclaimed Money Property Really Free?

What Does it Mean When Websites Advertise Themselves as “Free?”

Collecting data records from multiple sources and obtaining proper documents can be costly.
Real website services require a fee to help you locate money.
Though you can perform a free search by yourself on government websites like the National Association of Unclaimed Property Administrators (NAUPA) and the Bureau of the Fiscal Service, this takes much longer and can be a time-consuming process.
Not to mention, the Bureau of Fiscal Service and the New York State Office of the State Comptroller may ultimately require additional sensitive information such as a social security number.
When you register for an account with GoLookUp, you get immediate access to your refund, retirement benefits, and other missing money records, as well as other services including background checks, reverse email, address information, social search, people search,

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Property Insurance | USAGov

Learn about the different types of insurance for your property.

Auto Insurance

Auto insurance protects you from paying the full cost for vehicle repairs and medical expenses due to a collision. Some factors that affect the premiums you pay for this protection, include your:

  • Gender
  • Age
  • Marital status
  • Credit history
  • Car’s make and model
  • City and neighborhood

Types of Auto Insurance

Every state requires drivers to have auto insurance. If you don’t have insurance, you must have financial responsibility waivers. These waivers ensure that you can pay for property damages or medical expenses. There are several components that can make up your insurance policy: 

  • Liability coverage protects you if you are at fault for a collision. It pays for medical expenses and vehicle damage for the other driver and passengers. 
  • Uninsured motorist coverage pays for damages to your car and medical expenses if an uninsured driver hits your car.
  • Collision
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Tangible Personal Property

What is Tangible Personal Property?

Tangible personal property is a tax term describing personal property that can be physically relocated, such as furniture and office equipment. Tangible personal property is always depreciated over either a five- or seven-year period using straight-line depreciation but is eligible for accelerated depreciation as well.

Tangible personal property is anything other than real property (land and building) that is used in the operations of a business or rental property.

Understanding Tangible Personal Property

Tangible personal property is the opposite of real property, in a sense, as real property is immovable. In comparison to intangible personal property, tangible property can be touched. Consider property such as furniture, machinery, cell phones, computers, and collectibles which can be felt compared to intangibles such as stocks, bonds, and patents that cannot be seen or touched.

Key Takeaways

  • Tangible personal property includes a wide variety of equipment, from small office
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Personal Property Definition

What is Personal Property?

Personal property is a class of property that can include any asset other than real estate. The distinguishing factor between personal property and real estate, or real property, is that personal property is movable; that is, it isn’t fixed permanently to one particular location. It is generally not taxed like fixed property.

Understanding Personal Property

Personal property is also known as movable property, movables, and chattels. Because it is viewed as an asset, it may be taken into consideration by a lender when someone applies for a mortgage or other loan. 

Personal property can be insured for its current, possibly depreciated, value or for what it would cost to replace with a similar new item.

Some kinds of property, such as home appliances, clothing, and automobiles, tend to depreciate in value over time. Other kinds, such as artworks and antiques, will sometimes appreciate in value. When

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