Personal Property
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Personal property
Any assets other than real estate.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
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.
The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
Personal Property
Generally, all property other than real estate.
Copyright © 2008 H&R Block. All Rights Reserved. Reproduced with permission from H&R Block Glossary