Property Legal Meaning and Definition

Here is a simplified definition of the legal term Property.

Property (noun): A term that represents either physical goods owned by an individual or non-physical items, such as rights or trademarks. It can refer to various types of items, such as land, personal belongings, intellectual property, or business assets. The term 'property' can also involve different categories, which may include but are not limited to real, private, public, common, personal, or separate property. These categories are further defined and distinguished by different contexts and laws.