Personal Property

Personal property is:

 

•Every kind of property that is not real property

•Objects that are movable without damage to itself or to the real estate

•Personal property is further subdivided into tangible and intangible property

 

Examples of personal property:

 

•Car

•Airplane

•Ticket

•Stock

•Copyright

 

Technically, personalty refers to the object and personal property refers to the rights to the object.  The term "personalty" has apparently become obsolete and the term "personal property" refers to the thing itself as well as the rights to the object.

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