Property rights(redirected from Rights, Property)
Rights of individuals and companies to own and use property as they see fit and to receive the stream of income that their property generates.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.
The legal protection by a government of the ability for an individual or a corporation to own real estate and personal property. Nearly every theory of economics (with the exception of some more extreme versions of socialism) state that property rights are a necessary condition for successful, economic development. However, property rights are rarely absolute. For example, a government may exercise eminent domain over real estate to build something for public use.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved