Property

Property
1. Anything over which a person or business has legal title. Property may be tangible or intangible, but it is owned by an entity and is therefore considered an asset or a liability attributable to that entity.

2. An employee who is under contract because he or she has something - skills, talents, etc. - of such value that a business may not be able to function without his or her services.

3. Another way of saying real property, real estate or land.

1. Some examples of tangible property that may be included as assets of a business are furniture, fixtures and equipment. Intangible property includes copywritten material, ideas, patents, rights and so on.

2. Because of their importance to the companies for which they work, some employees are under contract and actually considered to be the property of a business for a period of time. For example, celebrities and professional athletes are often termed the "exclusive property" of the production companies, sports franchises or other corporations that have them under contract (for example, a basketball star who endorses footwear for a company like Nike or Reebok may be that company's "exclusive property").

3. Land and buildings are examples of real property.


Investment dictionary. . 2012.

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  • Property — is any physical or virtual entity that is owned by an individual. An owner of property has the right to consume, sell, mortgage, transfer and exchange his or her property.cite web|url=http://www.businessdictionary.com/definition/property.html|titl… …   Wikipedia

  • property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest …   Law dictionary

  • Property — • The person who enjoys the full right to dispose of it insofar as is not forbidden by law Catholic Encyclopedia. Kevin Knight. 2006. Property     Property      …   Catholic encyclopedia

  • property — prop‧er‧ty [ˈprɒpəti ǁ ˈprɑːpər ] noun properties PLURALFORM 1. [uncountable] LAW all the things that someone owns: • Some of the stolen property was found in Mason s house. • The President supports a tax cut on profits from sales of property… …   Financial and business terms

  • property — and property rights are central to capitalist societies. Perhaps because they are largely taken for granted in this context they have received relatively little attention from sociologists. By comparison, political philosophers and economists… …   Dictionary of sociology

  • Property — Prop er*ty, n.; pl. {Properties}. [OE. proprete, OF. propret[ e] property, F. propret[ e] neatness, cleanliness, propri[ e]t[ e] property, fr. L. proprietas. See {Proper}, a., and cf. {Propriety}.] [1913 Webster] 1. That which is proper to… …   The Collaborative International Dictionary of English

  • property — c.1300, nature, quality, later possession (a sense rare before 17c.), from an Anglo Fr. modification of O.Fr. propriete (12c., Fr. propreté), from L. proprietatem (nom. proprietas) ownership, property, propriety, lit. special character (a loan… …   Etymology dictionary

  • property — Includes money, goods, things in action, land and every description of property, whether real or personal, legal or equitable, and whether situated in Canada or elsewhere, and includes obligations, easements and every description of estate,… …   Glossary of Bankruptcy

  • property — [präp′ər tē] n. pl. properties [ME proprete < OFr proprieté < L proprietas < proprius, one s own] 1. a) the right to possess, use, and dispose of something; ownership [property in land] b) something, as a piece of writing, in which… …   English World dictionary

  • Property — Prop er*ty, v. t. [1913 Webster] 1. To invest which properties, or qualities. [Obs.] Shak. [1913 Webster] 2. To make a property of; to appropriate. [Obs.] [1913 Webster] They have here propertied me. Shak. [1913 Webster] …   The Collaborative International Dictionary of English

  • property — [n1] possessions, real estate acreage, acres, assets, belongings, buildings, capital, chattels, claim, dominion, effects, equity, estate, farm, freehold, goods, holdings, home, house, inheritance, land, means, ownership, plot, possessorship,… …   New thesaurus

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