Personal Property

(redirected from Movable property)
Also found in: Dictionary, Thesaurus, Legal, Encyclopedia.

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 ?
The registry of movable property, where information on movable objects will be stored, will allow, for example, any credit institution to check the object before it is accepted as a pledge, whether this object is a collateral object for another loan.
MoF has assigned Emirates Development Bank the task create an electronic register to publicise related rights to 'Mortgage of Movable Property'.
The MoF has assigned Emirates Development Bank the task create an electronic register to publicise rights related to the mortgage of movable property. The EDB's role will comprise implementing, developing and supporting development projects in the country inclusive of industrial, real estate, crafting and agricultural projects, in addition to facilitate real estate credit allocated to the construction, maintenance and development of buildings intended for personal housings, and accepting deposits, opening bank accounts and other banking and financial activities.
The registry will fulfil two key functions: to notify parties about the existence of an existing security interest in movable property and to establish the priority of creditors with regard to third parties.
Specifically, Egypt scored only three out of 10 points on the strength of legal rights index, which measures the effectiveness of regulations on non-possessory security interests in movable property.
[51] In addition to Article 52, Article 53 allows an occupying force to requisition private movable property, which may serve as war materiel, provided that the property be "restored at the conclusion of peace, and indemnities paid." [52] Thus, under The Hague Regulations any Israeli taking of private Palestinian property -- including water, in and of itself, and the right to water -- is strictly proscribed.
To prevent more casualties in the Yangtze's worst flood season in 44 years, all people and movable property were ordered away from a 350-mile stretch of the river.
Damage to real estate and movable property. insurance contract guaranteeing the formula "multi-risk", damage to real estate and movable property belonging to it, used by it or him being entrusted.
A three-day conference entitled "Using financing opportunities to secure movable property" began in Baku on February 13.
Meanwhile, the bench extended its stay order, restraining the authorities concerned from attaching movable property of Ishaq Dar's guarantor Ahmed Ali Quddusi for one day.
Any party, who has a legitimate interest on the movable property, may object to the registration before summary courts.
2) movable property, including vehicles, cash (local and foreign currency), securities, share capital owned by them in enterprises, jewelry, livestock, as well as property of cultural value and antiquities.