Personal Property

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Personal property

Any assets other than real estate.

Personal Property

Any property other than real estate. Personal property includes vehicles, computers, furniture, televisions, and so forth. Personal property may be used as collateral on a loan, but it is considered less reliable collateral than real estate because the borrower could default on the loan and then steal or hide the personal property. Obviously, this is impossible with real estate.

personal property

Any property except for real property. Personal property may consist of physical objects, or it may be intangibles such as copyrights, patents, or securities. Personal property is also called personalty.

Personal Property

Generally, all property other than real estate.
References in periodicals archive ?
New York City tries to address component deficiencies in the movable bridges with a program of scheduled electrical and mechanical maintenance tasks.
According to the AASHTO movable bridge maintenance manual, the balance system is one of the most important, yet often overlooked, design features of movable bridges.
Balancing the movable spans is therefore a key maintenance and operational component.
The leaves of the bascule bridges [drawbridges] are very sensitive to changes in the movable span's dead load [that is, the bridge's own weight]," Holcomb says.
Measuring 107 meters (350 feet) long and 27 meters (88 feet) across, the main movable span pivots on bearings to provide two channels for river traffic.
Although maintenance of the Nation's bridges, including movable bridges, was given low priority during the 1970s and 1980s," says FHWA's Byer, "a greater understanding of and dedication to the task of maintaining highway structures has been gained over the past 15 years.
Dubin is FHWA's ex-officio member of AASHTO's Technical Committee for Movable Bridges (T-8).
Movable bridges are categorized as four basic types: bascule, vertical lift, swing, and retractable.
Vertical Lift -- The movable roadway or walkway portion rests between two towers on either end of the bridge.