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tangible personal property

   Also found in: Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
tangible personal property

That which can be seen,touched,and moved,such as equipment, furniture, and vehicles. Contrast with intangible personal property, which includes goodwill, copyrights,and accounts receivable.

Tangible Personal Property
Property, other than real property, that has a physical existence and an intrinsic value. Examples are livestock, machinery, equipment, and vehicles.


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