Definition of personal property in US English:
personal property
nounˈpərs(ə)n(ə)l ˈpräpərdē
Law Movable property; belongings exclusive of land and buildings.
Compare with real property
Example sentencesExamples
- The ownership of land, as opposed to personal property, is subject to particular rules.
- Leases remain personal property to this day and the distinction can sometimes prove to be of importance.
- Real property and personal property may have different rules applied to them.
- Apart from pledge, English law divides security over personal property into mortgages and charges.
- There are many items of personal property whose loss causes emotional distress that far outweighs their market value.