Property rights

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Property rights

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.

Property Rights

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.
References in periodicals archive ?
HYDERABAD -- Commissioner Hyderabad Asif Haider Shah has directed the revenue officers to make the procedure of preparation of record of rights, property sale certificates and other related documentations easy so that the applicants could not suffer any inconvenience and get the required documents within minimum possible time.
By striking this deal with Vladimir Putin, Goldman Sachs is abetting one of the world's most corrupt governments that's been repeatedly cited by independent monitoring groups for ignoring human rights, property rights, and sound corporate governance practices.
Freddie Mac illustrates the principle that receipt of a payment is treated in accordance with the rights, property or services provided in return, and is not governed by the payment's denomination or label (e.
David Friedman is quite right to point out, in the same issue, that "concepts such as rights, property, and coercion" are complicated and not always susceptible to clear and easy rules.
Under the initiative for property rights, property owners would have complete control over the rents they charged and people who couldn't afford to live in Glendale would simply have to move to less-expensive cities, Caterinikkhio said.
Under the conditions of the April 27 term sheet signed by Cascade and PSE, Cascade will acquire water rights, property, and other Lake Tapps assets from PSE, such as the utility's White River diversion dam, the canal that feeds river water into Lake Tapps, the lake and its dikes, and PSE's power plant.
Let me offer some counterpoint: The winners in the election included individual liberties, the Bill of Rights, property rights, the justice system, national security and fiscal responsibility.
With a market in these rights, property owners could plan activities on a site with a reasonable degree of confidence by calculating whether the project would be worth the cost, including the purchase of the necessary rights.
American Jewish organizations, such as the American Jewish Congress, American Jewish Committee and Jewish Federation Councils, consistently take positions that many Jews believe are diametrically in conflict with Jewish religious tradition on questions involving civil rights, property rights, and the rule of law, to the point of being offensive.